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Technology Stocks : Oracle Corporation (ORCL)

ORCL 225.60

+2.3%

3:59 PM EST

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From: hueyone	11/12/2002 7:48:05 AM
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online.wsj.com TECH BRIEFS Oracle Says Spending Remains Sluggish Oracle Corp.'s chief financial officer, Jeff Henley, reiterated the software company's fiscal second-quarter forecast, pointing out that technology spending is still sluggish in the short term. Mr. Henley said the Redwood Shores, Calif., company expects revenue for the quarter ending Nov. 30 to be 4% to 7% below the year-earlier level of $2.36 billion. Oracle also expects to earn eight cents to nine cents a share, he said, down from 10 cents a share the previous year. Mr. Henley, speaking at the company's OracleWorld conference, said that macroeconomic data points to signs of a possible recovery next year but that visibility is still poor. --The Wall Street Journal Updated November 11, 2002 5:27 p.m. EST

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