Oracle Pending Acquisition Is Crucial

18

Oracle (NYSE:ORCL) is just after selling $14 billion worth of bonds probably to fuel its next acquisition. The size of the sale illustrates to me that this time the tech company is going big. It has to. It came late to the cloud party and although recent quarters have been very encouraging, it needs to keep driving ahead as its only a matter of time before its existing customers (especially database) transfer over to the cloud. Oracle obviously is first in line to get them but will be facing huge competition in forthcoming quarters which means its next acquisition is crucial..

 

 

 

About Individual Trader

Helping You Navigate The Markets For Profit
This entry was posted in Stock Picks and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s