Financial Downgrades; Google; Oracle
Horses call each other nags...
Oppenheimer shaved its earnings estimates on Merrill Lynchand UBS. Lehman Brothers cut its estimates on Citigroup, Bank of America and Wells Fargo.
Google this... Google stock hit on reports that its "pay per click" number will be weak and due to having its price target cut at Lehman Brothers.
Less optimistic Oracle... The database company reported Q3 earnings that met analysts' expectations.
However, reported revenue that was just short of estimates, and Oracle commented that customers were a little more cautious at the end of the quarter.
Oppenheimer shaved its earnings estimates on Merrill Lynchand UBS. Lehman Brothers cut its estimates on Citigroup, Bank of America and Wells Fargo.
Google this... Google stock hit on reports that its "pay per click" number will be weak and due to having its price target cut at Lehman Brothers.
Less optimistic Oracle... The database company reported Q3 earnings that met analysts' expectations.
However, reported revenue that was just short of estimates, and Oracle commented that customers were a little more cautious at the end of the quarter.
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