Investors fled technology company catering to business and Government agency after quarterly report discouraging of Oracle Corp. refers to a sales slowdown that may otherwise be dragged into the industry next year.
Shares of Oracle and an assortment of other business software makers are dumped in Wednesday’s trading. Wall Street managed Oracle’s excited reaction performance of beatings during the three months ending in November.
List of other business software makers caught in downdraft during late afternoon trade including: VMware Inc., shares fell $ 9.69, or 11 percent, to $ 75.63; Citrix Systems Inc., down $ 5. 66, or nearly 9 percent, to $ 57.72; SAP AG, down $ 3.92, or 7 percent, to $ 51.81; F5 Networks Inc., down $ 8.30, or more than 7 percent, to $ 101.09; Teradata Corp., down $ 3.01, or 6 percent, to $ 47.48; Cognizant Technology Solutions Corp., down $ 4.64, or 7 percent, to $ 62.99; Salesforce.com Inc., down $ 6.22, or 6 percent, to $ 98.10; and Red Hat Inc., down $ 2.01, or nearly 5 percent, to $ 39.94.