RealTime IT News

Oracle On Deck

Oracle will be the next tech giant trying to please Wall Street when the company reports earnings tomorrow morning.

Analysts expect earnings of 8 cents a share and revenues of $2.14 billion, and few expect the company to exceed those numbers. One firm that is expecting upside, however, is Bernstein, one of the better Wall Street research firms. Bernstein expects Oracle to beat estimates by a penny on strong database license sales.

Oracle climbed 1% ahead of tomorrow morning's report.

Stocks rebounded during the day, led by an 8.5% gain by Adobe , which beat estimates and raised guidance.

The Nasdaq rose 22 to 1846, the S&P 500 climbed 5 to 1016, and the Dow added 39 to 9459. Volume declined to 1.31 billion shares on the NYSE, and 1.75 billion on the Nasdaq. Advancers led 21-11 on the NYSE, and 20-10 on the Nasdaq. Upside volume was 71% on the NYSE, and 79% on the Nasdaq. New highs-new lows were 84-15 on the NYSE, and 142-6 on the Nasdaq.

TriQuint soared 20% after raising estimates, and J2 Global surged 17% after raising prices.

Lucent rose 7% on an upgrade.

IBM managed a small gain despite a downgrade from Salomon Smith Barney, which disagreed with CSFB's recent comments that IBM is a late-cycle recovery play.

Intersil climbed 2.3% on a deal with Big Blue.

Alcatel gained 4.4% on a deal with XM Satellite Radio .

Sun rebounded 3.7% on a partnership with NCR .

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