Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 201.95

-1.5%

Nov 28 9:30 AM EST

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To: Night Writer who wrote (16909)	5/6/2002 4:40:26 PM
From: Qualified Opinion	of 19080

I believe Oracle is generating more than $2 billion in free cash flow before repurchases of their own shares. I have seen Oracle's cash and cash equivalents balances stay between $5 to $6 billion while they repurchase more than $2 billion of their shares annually including this fiscal year. Cash flow link: realtimefilings.nasdaq.com Excerpt from their 10Q: Since 1992, the Company's Board of Directors has cumulatively approved the repurchase of 1.1 billion shares, plus an additional amount of $3.0 billion to reduce the dilutive effect of shares issued under its various employee stock plans. During the first nine months of fiscal 2002, approximately 137.4 million shares of Common Stock were repurchased for an aggregate price of approximately $2.1 billion. The Company repurchased approximately 108.0 million shares for approximately $3.8 billion during the first nine months of fiscal 2001. As of February 28, 2002, the Company had approximately $1.3 billion available under existing Board authorizations for future repurchases. The Company has primarily used cash flows from operations and investing activities to fund its repurchases.

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