ORCL is having problems staying afloat
Quotes from current Oracle earnings release:
"[Quarter] Revenues increased 23 percent (29 percent in local currencies) to $1,614 million from $1,311 million in the same period last year. Net income for the period was $187 million, or $0.19 per share, compared to net income of $179 million, or $0.18 per share, in the second quarter of fiscal 1997."
"For the first six months of fiscal 1998, revenues increased 26 percent to $2,983 million from $2,364 million in the same period last year. Net income for the six-month period was $337 million, or $0.33 per share, compared to net income of $292 million, or $0.29 per share.."
Maybe you formed your opinion by watching the share price - never a good indicator of company strength, only of market players' stock price expectations. Two entirely different things.
david |
