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


To: U Up U Down who wrote (15352)2/26/2001 10:29:16 PM
From: Scotsman  Respond to of 19079
 
It seems to me that ORCL has already cracked. Its down from 49. What does she expect, 12?



To: U Up U Down who wrote (15352)2/27/2001 5:15:04 PM
From: tech101  Respond to of 19079
 
The reduced estimation by Goldman Sachs just made the comparison for Oracle much easier when they announce the earning in two weeks.



To: U Up U Down who wrote (15352)3/1/2001 5:57:45 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 19079
 
Looks like Forbes was right

Oracle Sees Profit Falling Short Of Estimates on U.S. Slowdown

interactive.wsj.com

REDWOOD SHORES, Calif. -- Oracle Corp. expects to report fiscal third-quarter earnings that will trail Wall Street expectations, making it the latest technology company to fall victim to a slowing U.S. economy.

The software giant said that a substantial number of its customers decided to delay their information-technology spending based on the economic slowdown in the U.S. The company now sees profit of 10 cents a share; analysts surveyed by First Call/Thomson Financial were expecting a profit of 12 cents a share.

Oracle Posts Sharply Higher Net on Strong Demand for Software (Dec. 15)

The company's current estimates for the third quarter ended Feb. 28, including a 4% negative currency impact, show license revenue grew about 6% and total revenue grew about 9%. Applications-revenue growth is estimated at 50%, and database revenue growth is estimated to be flat to slightly negative.

The company blamed the U.S. economy for the weakness, and said sales growth in Europe and Asia Pacific remained strong.

Oracle's databases have long been used to develop big transaction-processing systems used by businesses. Lately, however, it has gotten a push in its add-on application programs by tailoring them for the Web.

In December, Oracle dodged the downturn afflicting its technology peers, managing to slightly exceed analysts' profit estimates for its fiscal second quarter. The company also slightly increased targets for sales and earnings for the third quarter, underscoring its differentiation from rival Microsoft Corp., which joined other companies in lowering its projections for the December quarter.



To: U Up U Down who wrote (15352)3/2/2001 8:13:46 AM
From: U Up U Down  Read Replies (4) | Respond to of 19079
 
I don't own any shares of ORCL but...
by: yogibear10000 (52/M/Jellystone Park)
02/14/01 03:07 pm EST
Msg: 133375 of 143268

....our company president just nixed any further discussions with our Oracle
salesman on the acquisition of their application software to manage our business.
Not sure what we were intending to buy, but it is apparently dead. The Oracle
salesman came in to try and save the business but he was firmly told that if Clinton
was invited by Oracle to speak at a users' conference, that our company wants
nothing to do with Oracle. He mentioned that Clinton has no ethics, and if that is
the kind of person Oracle wanted to associate with, then they must not have much
in the way of ethics either.
messages.yahoo.com
No way to validate this ,but didn't LE say in the cc that sales were delayed/fell off the last half of Feb?(for other reasons, of course)