RE:Biden said if you have a cat or dognice work if you can get it....................but am still sore for selling at 40 bucks --doubled my money, but didnt trust them after SQL ing me on another stock
-- Oracle (NYSE:ORCL) dropped 3% after losing out on a massive project to provide cloud services for Israel.
The government chose Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOGL) over Oracle, Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) for a project valued at more than $1 billion for the country's public sector and military, Reuters reported.
A second tender process is underway for additional government cloud projects.
The news brings shares down from a record set Monday, but they are still about 45% higher for the year.
Recently, the U.S. Supreme Court sided with Google in a legal battle with Oracle over Java, owned by Oracle. The court said Google's use of API code from Java was "fair use."