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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: mike machi who wrote (34977)	9/14/2000 4:28:18 PM
From: JLS	Respond to of 57584

.13 expected, .18 actual Thursday, September 14, 2000 Oracle beats earnings --4:24 pm - By Mike Tarsala Oracle's net income spiked 111 percent in its fiscal-first quarter, as the software giant breezed past Wall Street earnings estimates. The company's net imome of $501 million, or 17 cetns a share, beat year-ago earnings of $237 million, or 8 cents a share. Analysts expected the database and applications software company to earn 13 cents, according to First Call. Revenue spiked 42 percent to $156 million, while the company's closely watched software license revenue number increased 28 percent. Also, the company announced plans for a two-for-one stock split. Oracle shares closed at 84 15/16, up 3 1/8, ahead of the news.