Browsing articles tagged with " salesforce"
Oracle Crushed: Loses $20 Billion of Market Cap
Just yesterday, software giant Oracle was trading for around $29 a share. Now, after a disappointing earnings report due in large part to the slow down in Europe, Oracle's stock (ORCL) is trading for around $25 a share. Ouch. That's over a 13% drop. What's worse though is when you look at from a market capitalization standpoint. The $4 drop in price with about 5 billion shares outstanding works out to a $20 billion loss. Ouch again. Then you could say how much is that $20 billion worth in terms of other companies. How about Salesforce.com which is worth about Tagged crushed, lost $20 billion in market capitalization, oracle, research in motion, salesforceRecent Posts
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