DJ Deutsche Banc's Moore Sees Oracle As Good Investment>ORCL
17 May 14:33
NEW YORK (Dow Jones)--Oracle Corp. (ORCL) remains a premier technology
company to invest in, though its revenue and margin growth won't equal the past
few years, said Jim Moore, senior software analyst for Deutsche Banc Alex.
Brown.
Lately, Oracle has had problems closing large deals, and Moore said he has
heard that some deals have been delayed or reduced in dollar volume.
Oracle's rate of growth needs to be determined, he told CNBC in an interview
Thursday.
"If I had to guess, it's going to be very difficult for them to hit their
revenue numbers on the quarter," Moore said about Oracle's fourth quarter. He
added that the company does 60% of its business in the last week of the
quarter, which makes it hard to predict revenue generation.
Oracle is still dealing with leadership and discipline issues, as well as the
current macroeconomic environment, Moore said.
-By Amy Braunschweiger, Dow Jones Newswires; 201-938-2205;
amy.braunschweiger@dowjones.com
(END) DOW JONES NEWS 05-17-01
02:33 PM
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