Oracle: Weisel Cuts Estimates, Target; Earnings Wednesday

March 16, 2009 at 10:05 am PT

Thomas Weisel Partners analyst Tim Klasell this morning trimmed his EPS estimates and price target for Oracle (ORCL) ahead of the company’s earnings report for the fiscal third quarter ended February, which is due on Wednesday afternoon.

For the May 2009 fiscal year, Klasell cuts his EPS estimate to $1.38, from $1.41. For FY 2010, he goes to $1.51, from $1.58. Klasell’s new price target is $20, down from $24. Klasell maintains an Overweight rating on the stock.

“Our checks indicate that deals continue to be signed, but many deals are subject to downsizing and [there are] some reports of greater-than-normal discounting,” he writes in a research note.

Read the rest of this post

Tagged with: Barrons, digital, discounting, downsizing, economy, Eric Savitz, frontpage, Internet, Oracle, software, Tech Trader Daily, Thomas Weisel Partners, Tim Klasell

comments so far. Add yours.

Must-Reads from other Web sites

“You Get On The Internet And Pretty Soon You’re Drunk”: The Orthodox At Citi Field

Sean Patrick Cooper, Contributor, The Awl

Meet the tireless entrepreneur who squatted at AOL

Daniel Terdiman, Senior writer, CNET

Mark Zuckerberg’s unpleasant new life

Felix Salmon, Finance blogger, Reuters

Anyone can do it. Data journalism is the new punk

Simon Rogers, News editor, the Guardian

Fashion World Mulls Facebook IPO’s Impact

Rachel Strugatz, Editor, Women’s Wear Daily

The Unabomber’s Pen Pal

Jeffrey R. Young, Senior editor, Chronicle of Higher Education

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.