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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders
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To: Jenna who wrote (379)3/15/2001 4:38:46 PM
From: Lane Hall-Witt  Read Replies (1) of 589
 
Everyone -- Be very careful if you're playing the B2B bounce after ORCL. I'm still trying to interpret the ORCL PR because it doesn't seem it can be right. ORCL announced that Applications sales increased only 25 percent. If that is correct, the analysts are going to jump all over ORCL tomorrow. In its warning, ORCL said Applications sales increased 50 percent. Prior to the warning, the Street was looking for 75 percent. It's hard to believe the number in the earnings announcement is right. Maybe it's not, or maybe it's not the correct number to make these comparisons. I don't know yet, but it raises a caution flag. <?????>

ORCL's balance sheet shows the shareholder equity has declined by more than $1.1 billion this fiscal year, too. I'd have to go back and look at prior quarterlies to see why this is the case -- beyond a large paydown in back income taxes, which shows up directly in the balance sheet -- but it's certainly odd on the surface.

The upside to ORCL's report is that it's raising efficiency dramatically, which is fattening margins and dropping more revenues through to the bottom line. The analysts should like that (although I'm not sure what consensus estimates are for ORCL's margins -- this success might already be priced in).

Earnings Report:

biz.yahoo.com

Pre-Announcement:

biz.yahoo.com
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