For a longer time than most of its competitors, Oracle seemed to have defied a global economic slowdown. The 64,000 dollar question is whether Oracle’s tamed results are completely attributable to the slowing economy, or do the problems run deeper.
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Sails Slower In The Low Tide, But Mayday Signal Is Quite Far-Fetched Oracle Sails Slower In The Low Tide, But Mayday Signal Is Quite Far-Fetched P.J. Jakovljevic - April 16, 2001 Event Summary Oracle Corporation , the largest database provider and one of the largest providers of software applications for e-business, said on March 20 it plans to cut 866 jobs, or 2% of its workforce, in an attempt to reduce costs amid a slowing economy. As it warned earlier, Oracle posted Q3 2001 results below