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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: dragonpawn who wrote (11036)	6/15/1999 12:26:00 PM
From: MeDroogies	Respond to of 19079

From Earnings Whisper.com (what it's worth): Last quarter Oracle (ORCL) beat the analysts' consensus estimate by one cent but fell short of the whisper number by two cents. The stock fell $8 the next day. This quarter there is not as much optimism about the Company's earnings. We had a whisper number of $0.32 for a few weeks and the consensus estimate has now dropped from $0.34 to $0.32. However, despite Oracle having a track record of beating the estimates by a couple of cents each quarter, the overall gut feeling after the May 13th analyst meeting has been that the company may fall short of the estimates this time. The top estimate is currently $0.37 and the low is $0.29 while analysts from CS First Boston, Lehman Brothers, Morgan Stanley Dean Witter, and others have lowered their estimates for the quarter. If Oracle meets or beats the $.32 this quarter, it should be positive for the stock price on Wednesday. There are a few analysts that feel much more optimistic than the overall whispering going on. Bert Hochfeld at Josephthal & Co. believes the company will surprise once again and Vivek Rao at Gruntal & Co. seems to agree. The fact that there was no pre-announcement made after the analyst meeting could be a sign that the quarter could be better than previously indicated. One analyst mentioned that Oracle likes to surprise by two or three cents and really felt the heat last quarter. The analyst meeting was the Company's way of achieving the surprise - by lowering the expectations.