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Technology Stocks : Oracle Corporation (ORCL)

ORCL 221.57

-2.4%

10:41 AM EST

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To: eric ross who wrote (16237)	9/13/2001 4:18:16 PM
From: Still Rolling	Read Replies (1) of 19079

REDWOOD SHORES, Calif., Sept 13 (Reuters) - Software giant Oracle Corp. (ORCL.O) on Thursday posted fiscal first-quarter earnings that topped previous estimates. Oracle's release of its fiscal first-quarter results was the first major bit of corporate news following Tuesday's air attacks on New York City's World Trade Center and the Pentagon in Northern Virginia. The Redwood Shores, California-based company said it earned $510.65 million, or 9 cents per share, versus $500.68 million, or 8 cents, in the year-ago period. Oracle had forecast that per-share earnings would be flat year-over-year. Total revenue fell to $2.24 billion from $2.26 billion a year ago. Software license revenues fell to $731.43 million from $807.24 million, a bit better than the company's August warning that those sales could be up to 10 percent lower than a year ago. Oracle canceled its conference call with analysts slated for Thursday afternoon and said rescheduled the call for after Monday's close -- when stock trading is slated to resume. Chief executive Larry Ellison has also canceled his Thursday television appearances. Oracle on Thursday confirmed that one of its regional sales managers was killed on a plane that was hijacked in Tuesday's attacks. Six consultants, who were scheduled to be working in the since-destroyed World Trade Center, remain missing.

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