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U.S. Day Ahead: Oracle results to show tech weakness

Wednesday, September 19, 2012 - 02:37

Sep 19 - Don't be fooled by Oracle when it reports after the close. It's set to see a fatter profit as IT managers spend their budgets before December, but hardware sales could drop by up to 10%.

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Concern about the health of tackle well it's time to consult the oracle. As in the world number three software maker oracle reports after the close and is a Bellwether for IT spending. Don't expect chilly here Bob Larry Ellison to repeat his success from the last quarter when the company smashed expectations and announced a ten billion dollar buy back. Oracle profits are -- to be -- but but that's biggest computer managers are rushing to spender budgets before the end of December. The number it might actually masks some week. It's software should be okay but analysts expect hardware sales probably decline by about 10%. On Oracle's hardware business is essentially Sun Microsystems which is a troubled company when they bought it in the first place about two years ago they still haven't solved that issue. And on top of it they've just you reorganize their sales force in the US and that might hurt sales to. Nevertheless Larry Ellison can't be too worried not only does he have his own Hawaiian island but according to -- he's -- eight billion dollars from last year. That's -- stay out Mark Zuckerberg has lost since the FaceBook IPO. And it will be a big -- court for the social networking site at the judges will hear arguments. About where litigation involving -- botched launch will take place. FaceBook wants a trial in New York arguing evidence relating to the IPO and its financial backers are all in this city. But I had plaintiffs are calling for the venue to be in San Francisco. As the judge there has handled similar complex cases and expect a final decision in a few weeks. Investors are buying again thanks partly to more growth in home sales but that might change when he manufacturing stocks come out in the morning. Pay special attention to the market PMI number. It is your right but not my mind's -- -- -- says it's -- -- of ongoing weakness in the industrial sector which is being weighed down. By Europe China and uncertainty over the upcoming US fiscal plan. One indicator of the recovery you can't ignore auto sales. CarMax the lesson largest used car retailer is set to tell investors it's selling more vehicles. Sales could rise by 22%. As used car prices fall CarMax is also opening up more stores in 2013 and we'll see with greater CB insider far more expert now is on the big market mover is. We have an exclusive interview with the former fed chief Paul vulgar he does the -- has more power since the financial crisis and that may need to be -- and I'm pretty mom this is writers.

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U.S. Day Ahead: Oracle results to show tech weakness

Wednesday, September 19, 2012 - 02:37