Oracle posted dissapointing earnings last night and is getting pounded to the tune of -12-13% on the day.
In isolation one could say that's their problem. But as we pull back to the big picture we are reminded that Hewlett Packard, Texas Instruments and Intel have all recently provided weak outlooks.
Are these just coincidences or is there a problem in tech? Or even worse, is this a statement about a weakening world economy?
Throw your 2 cents into the mix by commenting below.
INTEL CORP ( INTC ): Free Stock Analysis Report
ORACLE CORP ( ORCL ): Free Stock Analysis Report
TEXAS INSTRS ( TXN ): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
