The economy may be sputtering, but Oracle Corp. is still hitting on all cylinders. Brushing aside worries about a possible slowdown in the technology sector, Oracle soared well beyond analyst expectations in its fiscal second quarter and raised hopes for a strong start in 2008 with an upbeat forecast.
The results released late Wednesday drove up Oracle's stock price by more than 6 percent.
Now the big question is whether Oracle's performance and bullish outlook should be interpreted as a positive sign for the entire technology industry.
Some analysts aren't ready to leap to the conclusion, reasoning that Oracle is simply outsmarting and out-hustling its competition. "It would be inappropriate to think that just because Oracle is doing well, the rest of the industry is too," said Cowen and Co. analyst Peter Goldmacher.
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