SAP Strong Enough To Drive Oracle (SAP, ORCL)

Posted in pre-market 
January 14th, 2010

SAP AG (NYSE: SAP) has just raised guidance this morning.  We have to skip[ on the details but the stock is up 2.6% at $51.72 on almost 700,000 ADR shares traded as of 8:34 AM EST.  The 52-week range is $31.13 to $52.73 and average volume is only just over 1.5 million shares.  Hey, if it is good for SAP it has to be doubly good for Oracle Corp. (NASDAQ: ORCL), right?  If SAP is winning, Oracle keeps claiming to win away market share from it… Oracle stock is up 2.4% at $25.36 on 300,000 shares… you can mark that as another 52-week high in Oracle.


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