6 Tech Stocks to Own Now
Jim Woods, June 26, 2009
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Tech Stock #4: Oracle (ORCL)
Oracle (ORCL) is known for being the premier provider of business enterprise software. The company is also known for the spending habits of its flamboyant, yet truly brilliant CEO, Larry Ellison. Like Microsoft, Oracle's products are ubiquitous in corporate IT departments around the globe. This ubiquity means that when IT spending increases, so too does Oracle's earnings.
In April, Oracle announced that it would be acquiring Sun Microsystems (JAVA). This acquisition, though still pending, will likely have significant ramifications for the entire corporate IT sector. With Sun Microsystems' Java and Solaris technologies contributing to Oracle's bottom line, Oracle will undoubtedly become the overwhelming leader in the enterprise software space.
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