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Technology Stocks : Oracle Corporation (ORCL)

ORCL 169.01

-2.2%

3:59 PM EST

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To: John F. Dowd who wrote (8504)	10/4/1998 3:19:00 PM
From: Hardly B. Solipsist	Read Replies (1) of 19080

I don't believe that these were "announced". This blurb is a shorter version of the Reuters story which said (as clearly as it said anything) that this was lifted from the 10-Q. If you have ever read any 10-Q's, as I assume you have, you know that there is a bunch of boilerplate in them in which lawyers mention any conceivable thing that could go wrong (such as "If people stop buying database software, Oracle will lose a large portion of its current revenues."). For at least the last three versions of the 10-Q the statements that led to the "big news" story in Reuters have appeared in exactly the same place with the same wording. Even the blurb makes is clear that it wasn't an announcement, but a "disclosure". You are welcome to get as excited about the possibility of price cuts due to competition as you like, but do yourself a favor and don't take everything you see in a news article at face value. And I don't have any idea what the coming quarter's revenues look like. But if ORCL is going to miss and wanted to let people know, I am certain that they will announce it.

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