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To: puborectalis who wrote (71922)	11/16/1999 11:38:00 PM
From: Ron	Respond to of 120523

Late news item on ORCL: Sounds bullish. LOS ANGELES (CBS.MW) ? The second quarter is shaping up to outpace the previous quarter?s performance, as revenue from product licenses grew strongly in the first two months and fears of a Y2K-related slowdown in technology spending abated, Oracle?s chief financial officer said on Tuesday. Addressing an audience of analysts in Los Angeles, Oracle CFO Jeff Henley said the company has had an "excellent first two months. We?ve generally had a good quarter." The fiscal second quarter ends later this month. Revenue from licenses took up 40 percent of fiscal 1999?s annual sales. As the database management market matures, investors have wondered where Oracle (ORCL: news, msgs) will find its next areas of growth. Henley said it lies in e-business, where Oracle can provide the technology and support to help companies do business over the Internet. "We have an extraordinary opportunity as the world moves to e-business," he said. One fast-growing effort is Oracle?s Business OnLine, where the number of users is doubling quarterly, Henley said. Through this service, customers don?t have to load Oracle software on their own computers. Instead, they use a web browser to access applications, which Oracle stores at its own servers. Oracle becomes the web host. Oracle believes Business OnLine will break even in the current fiscal year and make money in 2001. Oracle makes software that manages data for companies. The technology enables such transactions ranging from the use of a bank ATM to storing inventory data and generating sales reports. It has built its business by serving large corporations, but Oracle is going after the mid-market, specifically Internet companies, as well. While the database business still will take up the bulk of revenue, Henley sees faster growth to come from Oracle?s applications business. This is software that interacts with Oracle?s database technology to perform functions such as the management of financial, personnel,customer data. In addition, Henley said Oracle will continue to work towards managing data for wireless devices such as cellular phones and palm pilot organizers. "The wireless growth is going to be important," Henley said, referring to Oracle Portal-to-Go. Also at the Oracle Open World conference on Tuesday, Oracle Chief Executive Officer Larry Ellison debuted a new version of his network computer that, he said, embodies the simpler and less expensive computers of the future. See full story. Meanwhile, Gary Bloom, an executive vice president at Oracle, unveiled the first details on how it plans to cut costs by $1 billion in 18 months.