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Technology Stocks : Oracle Corporation (ORCL)

ORCL 239.27

-1.9%

Nov 7 3:59 PM EST

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To: Qualified Opinion who wrote (18520)	6/16/2004 11:05:29 AM
From: Hardly B. Solipsist	Read Replies (1) of 19079

I guess it's either that the apps business wasn't doing that well (although my impression is that no one is, and ORCL's P/E is below the industry average), and/or the continuing misunderstanding about the margin improvement. For the Nth CC in a row, where N is at least 5, some bozo asked Ellison whether outsourcing and other cost-cutting measures were the reason that margins improved, and how long this cost-cutting could go on. (That is, he asked the question and it was clear that he was sure that the answer was yes.) And for the Nth time Larry explained why margins were improving, that it wasn't cost-cutting, and that they had added engineering jobs in both the U.S. and overseas, and that they expected to get to 50% margins in a few years assuming their models held. And I doubt that even the bozo that asked the question got it.

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