The Night Watch: Oracle Pulls Back on Weak Forecast

Updated from 5:47 p.m. EDT

Software giant Oracle (ORCL Quote) posted a solid fourth quarter, and investors initially cheered the numbers and sent the company's shares higher after the close. Then came the outlook.

The company, whose shares rose more than 10% following the release of its quarterly results, warned that the first quarter will likely be below expectations. Lately shares of Oracle were up only 1.7% to $9.36.

Oracle's forecast combined with warnings from Apple (AAPL Quote) and Advanced Micro Devices (AMD Quote) to paint a grim picture for the tech sector, at least for the near term. ...