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

To: lml who wrote (15145)	12/15/2000 2:28:36 PM
From: Bipin Prasad	Respond to of 19079

Upin boy doesn't want to lose his job. LOL. (Disclaimer: I just walked in and did Not have time to check if it's real or not. got this from RB.) Oracle Corporation (Nasdaq: ORCL) ($27.50) Long-Term Attractive F2001E EPS: $0.50, up from $0.48 Eric Upin, Business-to-Business eCommerce "Overall, Oracle reported a solid quarter as expected -- coming in line with top-line expectations and a penny ahead of EPS estimates," said Upin. "Specifically, total revenue of $2.66 billion (representing 15% year/year growth) and database server revenue of $775 million (representing 19% year/year growth) was within Street ranges, while application licenses of $279 million (representing 66% year/year growth) slightly exceeded expectations. The operating margin expanded substantially to 35.6% and EPS was $0.11. On the earnings conference call, management reiterated its confidence in the business and positive outlook for F2001. The company emphasized that it does not expect to see signs of slowing IT spending in its business given the more strategic nature of eBusiness infrastructure and applications. For the February and May quarters, the company provided guidance of 75% year/year growth in application licenses and 15-20% year/year growth in database server revenue. Management anticipates further operating margin expansion -- resulting in a blended operating margin of 37%-38% for F2001. Although this was a good quarter, we maintain our cautious outlook on the stock over the near-term."