Oracle (ORCL -2.4%) sells off on a downgrade to Hold from Jefferies. The firm says its checks...

|About: Oracle Corporation (ORCL)|By:, SA News Editor

Oracle (ORCL -2.4%) sells off on a downgrade to Hold from Jefferies. The firm says its checks indicate demand for high-end "engineered" systems such as Exadata and Exalogic is softening, and both the company's database sales and lucrative maintenance contracts are threatened by cloud software vendors. Oracle has been counting on sales of high-end systems to spur a turnaround for its slumping hardware business.