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Oracle: Weisel Cuts Estimates, Target; Earnings Wednesday

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

Oracle Layoffs: Hundreds, Not Thousands

Oracle has apparently ushered in the new year with a bit of a bloodletting. Thomas Weisel Partners analyst Tim Klasell says the company recently sacked some employees in sales and marketing. The Times of India reports that 40 workers were just let go at the company’s Bangalore offices. And quite a few more may be joining them soon–but not the rumored 8,000.