Oracle shares fall from 9-year high after earnings

Analysts see few catalysts for the stock in the near future, despite an optimistic earnings forecast from the Silicon Valley-based company run by billionaire Larry Ellison and largely positive Wall Street research notes.

Oracle shares have already risen 19 percent in the three months before the Thursday results, versus a 10 percent gain in the Nasdaq Composite Index.

On top of that, some investors are concerned that Oracle could stumble as it integrates money-losing Sun Microsystems, which Oracle bought in January for $7.5 billion bringing it into the hardware market for the first time.

Read Full Article from Reuters

- Posted: 2010-03-26 10:30:57

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