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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 9:30 AM EST

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To: StanX Long who wrote (61375)	3/4/2002 10:37:52 PM
From: StanX Long	Read Replies (1) of 70976

FYI, I bought 1000 shares today in Afterhours @$13.84.Stan Oracle Drops 15% on Fiscal 3rd-Qtr Earnings Shortfall (Update7) By Ashley Gross quote.bloomberg.com Redwood City, California, March 4 (Bloomberg) -- Oracle Corp. shares tumbled 15 percent, their biggest drop in a year, after the world's largest database-software maker said fiscal third-quarter profit missed forecasts because sales in Asia slowed. Sales of new software licenses in the period ended Thursday declined at a steeper rate than predicted in December, Oracle said in a statement Friday. The company has fallen short of earnings estimates in four of the past five quarters as the U.S. recession led businesses to scale back spending on software. Before the latest shortfall, Oracle investors were becoming more optimistic that demand was picking up after three quarters of falling sales. That helped lift the shares 40 percent since Sept. 11. As recently as Jan. 30, Chief Financial Officer Jeff Henley said business had stabilized. Some investors said they've lost patience with Oracle and Chief Executive Larry Ellison's failure to meet the company's forecasts. ``People expect your numbers to be improving at this point,'' said Tony Ursillo, a software analyst at Loomis Sayles & Co., which manages $65 billion and held 2.5 million Oracle shares as of December. ``The entire shortfall can't be attributed solely to Asia.''

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