Oracle Corp (ORCL) 14.84 -0.16: -- Update -- On call, Ellison emphasizes time and again that ORCL competitive edge is that
customers can implement its software more quickly and more cheaply than offerings from competition because it can be done without
modifications... stresses that he thinks ORCL's position in applications business will be much stronger going forward as it can now sell
E-business suite based on references rather than a concept... conference call just concluded... analysts generally in a congratulatory mood...
at different points in the call, Ellison managed, in the defense of ORCL, to take potshots at the following competitors: BEAS, MSFT, IBM,
ITWO, SAP, SEBL and PSFT... ORCL +1.28
Oracle Corp (ORCL) 14.84 -0.16: -- Update -- On call, said that a resumption to normal demand not likely to happen until end of
calendar 2001... geographically, seeing some indications that demand in U.S. will be improving and thinks that while European business has
softened a bit, it won't suffer the same sharp downturn like that seen in the U.S.... Larry Ellison projects that it is reasonable to expect a
15-20% long-term growth rate in database business and sees no reason why applications business couldn't return to 50-100% long-term
growth rate... ORCL +1.26; related competitors include IBM +1.23; MSFT +1.12; and BEAS +2.18
Oracle Corp (ORCL) 14.84 -0.16: -- Update -- In Q&A portion of call right now... nothing too telling yet, but it has been entertaining as
Larry Ellison hasn't been shy about criticizing IBM nor has he been shy about talking up Oracle and its E-business suite from a price and
performance perspective versus the competition... ORCL +1.26
After Hours Indications : Nasdaq 100 futures at 1711, trade 28 points above fair value while S&P futures at 1222, trade five points
above fair value. Tone still being set by Oracle's in line numbers and favorable forward guidance.
After Hours Movers : Oracle higher now on solid late session volume. The conference call has stirred buy interest in ORCL's software
peers but also many trading favorites... ORCL +1.19, SEBL +1.65, ITWO +0.80, BEAS +1.86. Also higher in sympathy... CSCO
+0.30, INTC +0.33, SUNW +0.37, MSFT +1.02. Respective sector leaders also responding well to this release. |
