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Wednesday, 06/24/2009 1:06:43 PM

Wednesday, June 24, 2009 1:06:43 PM

Post# of 47790
Market Watch:June 24...The technology-focused Nasdaq Composite Index Gained 2% helped by a 9% jump for Oracle after the software maker beat estimates by posting a 8.2% slide in earnings last quarter and issued better-than-expected guidance.
Ned Riley ,chief executive of Riley Asset Management in Boston.said he expects to see more developments like Oracle's better than expected quarterly report in the months ahead AS BUSINESSES GRADUALLY RAMP UP THEIR SPENDING ON COMPUTERS AND OTHER EQUIPMENT DURING THE EARLY STAGES OF A ECONOMIC RECOVERY.