Actually I don’t like software companies. Why? Because software is something virtual.
Sure, software makers profit from the fact that people have to follow their rules and are fed by the sw companies thru permanent changes and the need for better hardware and the other way around. But even monopolys like Microsoft that suck us are going south by time: other OS like MacOS X or Linux have growing market share and show the world what a computer with the right operating system can do.
However, Oracle (NASDAQ:ORCL) is one of the most successful software companies in the world. Its CEO is a strange guy but as charismatic as Steve Jobs. After the closing bell they announced an increase in profits of 35% – far more than so called “analysts” had predicted.
I have to admit it: Oracle stinks of money but does not pay a dividend. But Oracle made a lot of money and whoever invested right in the beginning made more than 11000% profit – even more if he sold shortly before the internet bubble burst.
I think that an eye should be kept on this stock.
Posted by stockwatchers 