Oracle Depresses Techs - TheStreet

Oracle

(ORCL) - Get Report

, which rose ahead of Thursday's better-than-expected earnings, slid 5.5% at midmorning because the applications software business lagged, analysts said.

Salomon Smith Barney

,

Banc of America

and

Deutsche Banc Alex. Brown

raised estimates for the company, but other tech stocks followed Oracle downward. Key

Nasdaq

stocks

Intel

(INTC) - Get Report

,

Cisco Systems

(CSCO) - Get Report

and

Microsoft

(MSFT) - Get Report

were down at midmorning.

Adobe

(ADBE) - Get Report

, which reported strong earnings Thursday, was one of the few exceptions to the slump, rising 7%.