“We believe Oracle shares offer both offense in an improving macro environment, given its leverage to application spending, and defense against a choppier backdrop with its high degree of sticky maintenance revenue,” Friar writes in a research note. “We expect rising estimates as the company digests the Sun acquisition to drive the shares higher and view the hiring of ex-HP CEO Mark Hurd as a positive near-term catalyst to get the shares moving.”Come along next Wednesday to hear Sarah speak, to have some good conversation about cloud and SOA (and other topics too!). The registration form is here.
Friar writes that she likes the move to hire Hurd, who she notes “has experience selling storage and hardware systems, very relevant to Oracle following its Sun acquisition and he will likely be well-received by the Oracle customer base.” She adds that Hurd is “a good fit with Oracle’s culture of strategic M&A, effective integration and cost discipline,” and notes that the Hurd “gives Oracle more executive firepower at a time when the company is pursuing new areas of growth and is branching out into areas outside its expertise.”
Thursday, September 16, 2010
Sarah Friar on Oracle
Sarah Friar is the Goldman Sachs cloud analyst (an analyst covering the cloud, rather than a "cloud-based analyst" that is) who is speaking at Vordel's event next Wednesday evening at Oracle Open World. She is quoted recently in Barrons on the topic of Oracle's hiring of Mark Hurd:
Posted by Mark O'Neill at Thursday, September 16, 2010