Market Overview

Oracle Unveils T5, World's Fastest Microprocessor


Oracle Corporation (NASDAQ: ORCL) closed Thursday's trading session at $32.33. Investors question growth in Oracle's new high-speed serversthat were just unveiled last Tuesday to expand its hardware business. Oracle recently announced the refresh of Sparc Servers, with the world's fastest microprocessor in the world. In the past year, the stock has hit a 52-week low of $25.33 and 52-week high of $36.43. Technical indicators for the stock are Bearish. S&P gives Oracle a neutral 3 STARS (out of 5) hold rating. Total revenues fell by 1% to $9 billion during the quarter. SPARC T5 midrange servers are based on the SPARC T5, its largest suite of hardware products since the 2010 acquisition of Sun Microsystems. John Fowler, executive vice president, Systems, Oracle stated "The new SPARC T5 and M5 systems leapfrog the competition with up to 10x the performance of the previous generation, offering an unbeatable value for midrange and high-end enterprise computing." Oracle announced the complete refresh of two existing server lines with the new servers,SPARC T5 and M5 running Oracle Solaris. Read Jennifer's Full Article At Seeking Alpha...

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