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To: SecularBull who wrote (32211)	3/1/2001 5:25:58 PM
From: Dealer	Read Replies (2) \| Respond to of 65232

Oracle Warns Results to Lag Forecasts--DOWN 3 after hours REDWOOD SHORES, Calif. (Reuters) - Oracle Corp. (NasdaqNM:ORCL - news) joined virtually the rest of the high-technology world on Thursday as the world's second-biggest software company warned that quarterly results will lag expectations due to waning spending by customers on information technology. ``A substantial number of our customers decided to delay their (information technology) spending based on the economic slowdown in the United States,'' said Oracle Chairman and Chief Executive Larry Ellison in a statement. ``Sales growth for Oracle products in Europe and Asia Pacific remained strong. The problem is the U.S,. economy.'' Based on the slowing sales, Oracle now expects to report earnings per share that rose 25 percent to 10 cents a share, from 8 cents, a year ago, excluding investment gains. Redwood Shores, Calif.-based Oracle had been expected to earn 10 cents a share, according to First Call/Thomson Financial. Operating margin improved to 33 percent, an increase from 31 percent, a year ago, Oracle said. The company added that it will give more detailed fourth-quarter financial guidance when it reports third-quarter earnings on March 15. Oracle shares rose $2-3/8 to $21-3/8 on the Nasdaq in a late-day tech rally. Oracle issued the profit warning after the close of regular U.S. trading. The stock is well-off its year-high of $46-7/16 and near a year low of $18-13/16.