Oracle shares sink 7% as Wall Street freaks out over a surprise decision not to share specific cloud numbers https://www.yahoo.com/news/m/b4563d9b-a4dd-307f-a089-023029afed56/oracle-shares-sink-7%25-as-wall.html
MARKET WATCH: Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers
Here's one for our fake news friends at this site. Enjoy!! Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers... — read more
Collateral calls
LE - how much collateral did you have to put up today? What does tomorrow look like. Let me know when you’re ready to sell the island. And hey, LE hate to tell you - there is a God after all!
Layoffs needed to make up $15B market cap loss
Oracle $ORCL is getting hit hard today after earnings. It's down 7%! That's almost $15 billion in market cap gone. In just a few hours. stocktwits.com/symbol/ORCL Update your resumes boys and girls. Be smart and get out before they show you the door... — read more
Oracle could be feeling cloud transition growing pains
https://techcrunch.com/2018/06/20/oracle-could-be-feeling-cloud-transition-growing-pains/ See how they broke out the cloud revenue loudly and proudly in March, yet chose to combine their cloud revenue with license revenue in June. “Generally... — read more
What time is it?
It’s time for the 3+1 stooges to go! Has been for a long time, covered up by cloud fraud.
Just the Facts
The facts seem to be straight-forward: Oracle started extremely late to the cloud. Later than all the other cloud players. Oracle was made up primarily of employees who know absolutely nothing about web development and cloud applications. Oracle... — read more
see any insider pattern?-- SC and TK sellout in January?
I wonder if they knew something..back in January when both sold Millions of shares.? ===================================== http://openinsider.com/search?q=orcl ===================================== 2018-01-17 ORCL Catz Safra CEO $50.05 -5,000,000... — read more
Oracle falls 7% after company reduced visibility into its cloud business
https://www.cnbc.com/2018/06/20/oracle-reduced-visibility-into-its-cloud-business.html Oracle surprised analysts on Tuesday when it provided less insight than usual into its growing cloud business in its quarterly earnings statement, and now some... — read more
Oracle stock falls after Wedbush downgrades to neutral
Oracle will now trigger the restructuring costs. Expect RIFs to begin soon and last over the next 3 to 6 months. This coming directly from our VP in NA Sales. Wedbush analyst Steve Koenig downgraded Oracle Corp. ORCL, -6.47% shares to neutral from... — read more
Future RSU's in Layoff
Any idea what happens to future RSU units allotted to an employee when he/she is RIF'd
Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers
anyone believes anything..anymore??? (((Oracle's Soft Guidance and Cloud Accounting Change Are Fresh Reasons for Concern))) --- https://finance.yahoo.com/m/e43c6b18-4259-38e9-9955-3c190d68dc28/oracle%27s-soft-guidance-and.html (((Oracle cloud growth... — read more
Sour Sentiment
https://www.wsj.com/articles/oracles-past-surprises-on-guidance-leave-analysts-wary-1529402401 SOUR SENTIMENT: In each of the previous three quarters, Oracle management shook investors with guidance that fell below expectations. Three months ago, the... — read more
Oracle's forecast miss overshadows cloud growth, shares fall...".."investors are wondering if Oracle is trying to hide
Damn it.....! "investors are wondering if Oracle is trying to hide something in its total cloud revenue".................. https://www.yahoo.com/finance/news/oracles-quarterly-profit-rises-5-201113559.html
So much for hardware being dead
Hardware revenue was up slightly this FY. Time to put th scaremongering to bed people. Oracle is now entering a period of sustained growth with them being a top tier Cloud company. The Big Three is now Four.
Oracle Earnings
https://www.cnbc.com/2018/06/19/oracle-earnings-q4-2018.html The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. But after the company provided guidance, the stock tumbled. The company stopped providing... — read more
Oracle stopped providing specific revenue for cloud infrastructure and platform as a service.
Playing the hide and seek game again. https://finance.yahoo.com/m/4a5043c9-c090-3d96-9a5d-c3c733bab4f5/oracle-reports-strong-fourth.html
Any large action will take place after FY18 results
Oracle announces its figures for FY18 this afternoon after the market closes. Until then, they're in a quiet period. Announcing or having big layoffs would telegraph the results, so they're not about to do that. Watch the stock price in the... — read more
NA ECA layoff started
I am a cloud sales rep in NA and was told by an ECA manager that I would be losing my ECA "in the next two weeks" due to reorg. He couldn't tell me more except the role would be covered "centrally" and I think it was just a courtesy since we have a... — read more
Unofficial official layoff report 6/17/2018
Quiet on the layoff front this past week. Total since 6/1/2016 remains at 19,200. Keep looking!
The sky is falling...BIG BIG layoffs are coming
Yes, there is a really BIG layoff coming, the like of which has been unknown. Mark my words I'm telling you the true this time.
From Forbes
https://www.forbes.com/sites/petercohan/2018/06/15/1-5b-snowflake-computing-is-beating-oracle-in-15b-data-warehousing-market/amp/
Oracle’s next
The government just filed wire fraud charges against the ceo and president of Theranos, another company that committed massive fraud, oracle and the 3 stooges is next
What will happen to the stock price this year? revisited
I posted this after the stock dropped in March. I thought maybe I was wrong as the stock began to creep back up slowly in the last quarter. But today, with the downgrade from JPM, the stock is now below $46 again. So I could be right, so am posting... — read more
Interesting sell off by someone high up in Oracle
Someone in the know sold 979,402 common shares of Oracle Corporation in the open market. In a transaction dated May 04, 2018, the shares were put up for sale at an average price of $45.4, raking in a sum of $44,464,851. After this sale, 22,983 common... — read more
Oracle to report thru the roof financial numbers on Tuesday, June 19, 2018
My gut feeling. No insider info. Just watch it play out. Not pumping it, just have a feeling. Good luck all.
Oracle shares drop after JP Morgan downgrades on lost business to Amazon and Microsoft
Oracle shares drop after JP Morgan downgrades on lost business to Amazon and Microsoft https://finance.yahoo.com/m/cd1683bb-2fe1-3bc3-875b-4c1874038a51/oracle-shares-drop-after-jp.html I was laid off last year. I should have started my job search 3... — read more
Support
How sad is it that the only team that seems to be safe is US Cloud Support? Everyone else is battling for their job and everyone i talk to in support says they cannot hire fast enough. This seems very backwards.
So much for employee success and opportunity
The rumor for the Platinum division is they need to find homes for about 50% of the staff. Their headcount goals to “effectively” run the Platinum offering is 10 managers with a 10 to 12 CSM to manager ratio. Multiple versions of spreadsheets exist... — read more
Good cloud analysis and comparison article
https://seekingalpha.com/article/4178206-ibm-oracle-separating-clowns-clouds
Layoffs in Field Sales and Customer Success groups
Layoffs in Field Sales and Customer Success groups will be spaced out over the next four months. Where did this info come from?
Sustainable success
To the exec line up: Stop forgetting the words of Ed Oates, our co-founder : “In a band you’ve got different people with different attitudes and skills coming together to achieve a common goal. When it works, the outcome is greater than the sum of... — read more
ORCL Quarter is a blockbuster
I hope y'all are big ORCL holders as there's some major news coming in the earnings report.
North America Customer Success Fy19 Call
CB reading from her carefully written script. A line up of speakers all from the OMC leadership. We are giving customers the best in our Platinum offering. Are we really??? Lots of hype of how great it is and did we hear CB say “bestest” again? What... — read more
Another hopeless Consulting re-Org..
as usual promoting the re-org by EVP/ RG --kicking out previous consulting SVP/ ( MG ) [ BTW.. what a waste of pay for 2+ yrs..) --thank him for doing nothing but begging sales people for 2 yrs. to throw a bone to consulting--and sending powerpoint... — read more
Unofficial official layoff report 6/10/2018
No layoff reported this last week. Total since 6/1/2016 remains at 19,200. More layoffs coming, good luck all.
Countdown to the BIG LAYOFF on August 31
This time it is really happening. Trust me. Have I ever let you down in the past?
Another interesting read
https://seekingalpha.com/amp/article/4180531-love-oracle-opportunity
UX Consolidation and Reduction
UX groups will all be rolled under one organization and then headcount reduced with many impacted.
I could deal with layoffs...
...if they actually got rid of the right people. What we are seeing on nearly weekly bases is some of the best employees being cut from the company over and over again. We are already seeing that reflect in Oracle's results, and yet there is no... — read more