If Tech is Headed for a Correction cue Oracle Corp.

Oracle Corp. (NASDAQ:ORCL) shares are the tech comeback story of 2009, YTD they are up 21% and with everyone raising price targets on ORCL shares, could there be some room to fall, is everyone just on an Oracle high?

Oracle shares have been on a tear this summer and after the company closes on its  acquisition of Sun Microsystems (NASDAQ:JAVA) they will a $1.5 billion to its annual non-GAAP profit, and that the increase could go up to $2 billion in the second year after the deal closes.

IN LOVE WITH ORACLE
At the end of June, Oracle sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.  Those results brought Oracle shareholders back to reality but its been the news of Oracle swallowing every decent software company it can that have investors and analysts head-over-heals in love with the company.

Last month Oracle Corporation announced that it has agreed to acquire GoldenGate Software, Inc., a provider of real time data integration solutions enabling superior IT performance and enterprise decision making. Financial details of the transaction were not disclosed.

They did talk up the Sun Micro deal, but then again, who wouldn't when you believe it will rake in $2 billion in profits in under 2 years.  The recent analyst take on ORCL shows the Street believes they can do no wrong: