To: Jurgis Bekepuris who wrote (12143 ) 3/18/2001 2:24:53 PM From: TimbaBear Read Replies (2) | Respond to Jurgis....Would you share your thoughts regarding ORCL?"...The negative cash flows from operations incurred during the first six months of fiscal 2001 primarily reflect the payment of taxes related to the gain on sale of Oracle Japan stock that occurred in the fourth quarter of fiscal 2000, partially offset by improved profitability and a decrease in trade receivables....." The problem I have with this statement is that it appears to be intentionally clouding the issue. After all, their income before adjustments to cash flow wouldn't have been nearly as high if it weren't for the gain on the sale of assets, therefore the tax which was deducted from operating results was due to non-operational activity and therefore rightly deducted and the resultant operating cash flow loss shown reflects operating performance and still hasn't been addressed. I don't like it when management blows smoke and this has damaged their credibility in my eyes.
