Tuesday, March 20, 2018

Oracle Socked With $6.9 Bil Income Tax Expense Charge in Its Feb 2018 Quarter Due to the Trump Tax CUTS Act ........................................................................................ Of US Technology Companies, Oracle Had the 4th Largest Hit to Its Current Quarter Earnings ($6.9 Bil) Due to the Trump Tax CUTS Act, With Microsoft Topping This List With $13.8 Bil, Cisco Systems 2nd With $11.1 Bil and Alphabet 3rd With $9.9 Bil ........................................................................................ Just Below Oracle's $6.9 Bil Was Qualcomm 5th at $5.9 Bil, IBM 6th at $5.5 Bil, Intel 7th at $5.4 Bil, eBay 8th at $3.1, Apple 9th at $2.6 Bil and Facebook 10th at $2.3 Bil ........................................................................................ With Its Exorbitant Mandatory Toll Tax, the Trump Administration and the Republican-Controlled US Congress Has Expressed Its Disdain For US Technology Companies, Not Just Ones in Silicon Valley, But Wherever They Are Including in Southern California, Washington State and even Across the Country in New York ........................................................................................ And at the Same Time, the Trump Administration and the Republican-Controlled US Congress in Their Trump Tax Cuts Act Bestows Roughly $800 Bil of US Federal Income Tax Debt Forgiveness to Both US and Foreign Old Economy Companies ........................................................................................ In November 2018, US Voters Will Express Their Disdain For This Republican Throwback Strategy of Favoring the Old Economy Companies Over the New Economy Companies