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The market is so far ahead of its self on projections hence the sell off – its ironic in manic markets how the more solid the company is the more it is hit.
That AMZN comparison is telling though.
[quote=”TradersCom” post=1492]The market is so far ahead of its self on projections hence the sell off – its ironic in manic markets how the more solid the company is the more it is hit.
That AMZN comparison is telling though.[/quote]
Agree but this chart here shows the caution with these two runaway gaps from apppro @apppro1
$ORCL hit a new ATH day prior to the report – classic buy the rumor sell the fact – with many earnings plays if they aren’t up in the following session we see this.
Oracle $ORCL said this morning it will become the world’s first fully autonomous database when it delivers its next generation of the Oracle database by the end of this calendar year.
Customers moving from Amazon’s Redshift to Oracle’s autonomous databases can expect to cut their cost in half or more, said the company.
In the keynote address at Oracle World CEO Larry Ellison said on taking on $AMZN cloud service
Amazon is five to eight times more expensive running the identical workload than the Oracle Autonomous Database. We guarantee you contractually to cut your Amazon bill in half. It’s fairly easy when you’re five to eight times faster. We feel pretty comfortable.
Machine learning ..
With total automation based on machine learning, Oracle Autonomous Database Cloud eliminates the human labor required to manage a database by enabling a database to automatically upgrade, patch and tune itself while running.
It these price cuts it may get to the margins in the industry become too compressed for cloud computing to be attractive to companies offer it – not that that will change the war going on historical cost cuts in tech services but one you should account in the profitable of the business for stocks. Can see this become a loss leader for $ORCL, $IBM $MSFT etc for other services – $AMZN the leader market wise and they are all about loss leading 🙂
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