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Technology Stocks : Oracle Corporation (ORCL)

ORCL 195.56

-1.2%

3:16 PM EST

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To: Bipin Prasad who wrote (9286)	1/5/1999 10:41:00 AM
From: Mao II	Read Replies (1) of 19080

BP & Thread: I hold some SAP, but no Oracle; but I have no ax to grind with Oracle. That said, I think it is missing the point on SAP's problems to sit around chest thumping for Larry and the gang. Those numbers and their root cause, rather, are a red flag for Oracle and all big international tech firms. Here is the item from WSJ. Consider its broader implications. Regards, M2 interactive.wsj.com SAP Warns 4th Quarter Profit To Be 'Far Below Expectations' Dow Jones Newswires FRANKFURT -- Earnings at German software maker SAP were "far below expectations" in 1998, despite a 15% rise in pretax profit excluding payments to its employee-bonus program, the company said Tuesday. Sales rose 40% to 8.4 billion marks ($5.1 billion), compared to 6.02 billion marks in 1997. The poor earnings results were mostly because of a "strong downturn" in business in Japan, which unexpectedly worsened in the fourth quarter.

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