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To: Boplicity who wrote (2560)	6/20/2000 5:23:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

I stated on the post that I'm posting to now. That I was looking to SLDI and ORCL as tells to the health of the market. Well today I got what I was looking for. SDLI got down graded and ORCL had less then great rev. growth. (see comment from beefing.com below.) We saw the reaction to SDLI and we will see the reaction to ORCL Wed. which has started in After Hours now I will need to see how the general market reacts to the two, and if they both can weather the attack. Also today I said I'm looking for the market to start selling off. Will ORCL carry much weight, is SDLI a harbinger to come? Greg <<That Oracle (ORCL) 86 1/32: The dictionary definition of the word oracle is "one that delivers highly regarded and influential pronouncements." Oracle the company may have done just that in delivering Q4 earnings of $0.31... The headline earnings figure came in six cents above the consensus estimate and four cents above the whisper number... For the year, ORCL earned $0.69... However, stock coming under some pressure in early after hours trading (down about 3 points), as ORCL's revenue number of $3.37 bln fell shy of some estimates (see earlier story stock) - not to mention whisper number of $3.5 bln, plus... Softer revenues not due to applications business, as applications software sales surged 61% to $447 mln... Within this area, CRM sales soared 161%... Oracle CEO Ellison noted that ``Applications Release 11i -- the Oracle e-Business suite -- hurdled us into the number one position in the applications software business." Where sales were a little sluggish was in the database business, which saw a year/year increase of 12%... Street had been expecting growth of at least 20%... But overall revenue miss unlikely to result in any downward earnings revisions, given much stronger than expected Q4 operating margins... Street had been looking for margins to improve to the 36% area for the quarter... Well they came in at 41.1%, a 13.7% jump from year-ago levels... In fact, Briefing.com expects street to start upping its FY01 estimate... Current consensus for FY01 is $0.81... Whether today's strong earnings report and (likely) subsequent earnings upgrades will be enough to reverse the post-announcement sell-off is the big question... Using Tuesday's closing price, ORCL trading at 125x trailing earnings, 106x projected FY01 earnings and 72.5x trailing 12-mo sales... If stock fails to climb, ORCL could be foreshadowing another quarter of strong tech earnings with little benefit to stock prices - not exactly the influence many tech traders were hoping for. Robert Walberg, Briefing.com>>