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Short Take: Oracle gets upgraded

BancAmerica Robertson Stephens has upgraded Oracle to "buy" from "long-term attractive." Analyst Marshall Senk said he believes Oracle management has taken giant steps to simplify the company's sales organization and compensation structure, and to minimize its deal approval process, making it easier for its sales representatives to close business. He said he also expects positive news from Oracle over the next several weeks.

BancAmerica Robertson Stephens has upgraded Oracle to "buy" from "long-term attractive." Analyst Marshall Senk said he believes Oracle management has taken giant steps to simplify the company's sales organization and compensation structure, and to minimize its deal approval process, making it easier for its sales representatives to close business. He said he also expects positive news from Oracle over the next several weeks.