Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 202.33

+0.6%

11:28 AM EST

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To: U Up U Down who wrote (9960)	3/12/1999 10:10:00 AM
From: Edwarda	Read Replies (2) of 19080

My point is that this is not unusual for ORCL. Beat consensus but not whisper, seems no matter what happens something is not right for analysts. Talk about pump and dump. ORCL may have beaten the consensus on a reported basis, but the way the company did it is the problem. Revenues were less than expected in apps, database, and even services. The company made the quarter via the reversal of accrued bonuses to the sales force. The analysts have a valid reason to express concern that the pipeline may not translate to a resurgence in growth in revenues in the current quarter, despite Larry's assurances. I don't think that the estimate adjustments and rating reductions under these circumstances constitute screwing the customers or pumping and dumping.

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