Wells Fargo Says 'Never Say Never' on Oracle on Possible H-P (HPQ) Deal; ORCL Best Positioned Enterprise Systems Player
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Price: $34.90 --0%
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Trade ORCL Now!
Wells Fargo maintains an 'Outperform' on Oracle (NASDAQ: ORCL) and valuation range of $38-$40.
Wells analyst says, "On August 20 the NY Post ran a story suggesting Oracle could be interested in acquiring HP (NYSE: HPQ). While we don't know the accuracy of its sources, we do have a few thoughts on the matter: First, we definitely think Oracle would be interested at the right price given HP's enterprise assets, Mark Hurd's experience, and the obvious turmoil at the company. If Oracle could grab the just enterprise business, we think it would be a huge benefit, as it would add significant account coverage, server and storage hardware depth, unique software assets (Mercury, Open View, Opsware etc.), a better competitive position against IBM (NYSE: IBM), and call options in product areas like networking and IT services."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $24.78 yesterday, with a 52 week range of $21.66-$36.50.
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Wells analyst says, "On August 20 the NY Post ran a story suggesting Oracle could be interested in acquiring HP (NYSE: HPQ). While we don't know the accuracy of its sources, we do have a few thoughts on the matter: First, we definitely think Oracle would be interested at the right price given HP's enterprise assets, Mark Hurd's experience, and the obvious turmoil at the company. If Oracle could grab the just enterprise business, we think it would be a huge benefit, as it would add significant account coverage, server and storage hardware depth, unique software assets (Mercury, Open View, Opsware etc.), a better competitive position against IBM (NYSE: IBM), and call options in product areas like networking and IT services."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $24.78 yesterday, with a 52 week range of $21.66-$36.50.
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