There is a possible fraud at Oracle in reporting inflated earnings. The CFO has resigned before his booty got fried. ORCL has a history of indulging in unethical practices. Ellison does eveything possible to present a rosy picture.
Agree completely. The red flags are firing on all cylinders. Consistently inflated earnings without any unique products or innovation. An over-compensated and megalomaniac boss with complete control of the company and a poor ethical record.
Take a look at their recent statement of cash flows and you'll see that 31 billion dollars in cash supposedly went to "purchases of marketable securities and other investments." A look in the footnotes and MDA provides no further information. Funny since the entire value of their marketable securities amounts to only 12.6 billion.
I'd love to have a look at the audit files and see what they're tying that to...