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Technology Stocks : Oracle Corporation (ORCL)

ORCL 250.34

+0.9%

3:59 PM EST

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To: Qualified Opinion who wrote (18817)	3/20/2006 6:05:08 PM
From: Qualified Opinion	Read Replies (1) of 19079

Oracle's Ellison 'confident' of double-digit database growth Print \| \| Disable live quotes By Michael Paige Last Update: 5:34 PM ET Mar 20, 2006 LOS ANGELES (MarketWatch)Chief Executive Larry Ellison said he remains "confident" the company's key database segment will be able to post double-digit growth "for several years to come." Speaking during a conference call to discuss the company's results, Ellison said Oracle's database segment in the just-reported fiscal third quarter would have posted 9% growth, if not for unfavorable foreign exchange rates. For the current fiscal fourth quarter, Chief Financial Officer Safra Catz said the company continues to expect a profit before one-time items of 26 cents to 28 cents as revenue rises 10% to 14%. The current average of analysts' estimates calls for a profit of 27 cents a share on revenue of $4.53 billion -- equating to 12% growth. On a net basis, Catz still sees net income at 21 cents to 23 cents a share as revenue rises 13% to 17%. Link: marketwatch.com

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