Description:  Oracle Corp. (ORCL) dropped the most in more than nine years, dragging down other software makers, after it reported quarterly sales and profit that missed analysts’estimates in a sign companies are spending less on programs that help them manage operations.

Source:  Bloomberg.com

Date: 12/21/2011

Link:  http://www.bloomberg.com/news/2011-12-20/oracle-misses-estimates-as-clients-throttle-tech-spending-shares-decline.html

Questions for discussion:

• Summarize the highlights in this report.
• What does this report suggest about investing strategies related to the company and the industry?