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

To: A.L. Reagan who wrote (15616)	3/15/2001 4:50:20 PM
From: hdl	Read Replies (1) \| Respond to of 19079

Oracle hits lower target Software maker's profit matches its reduced expectations March 15, 2001: 4:33 p.m. ET NEW YORK (CNNfn) - Software maker Oracle Corp. reported a fiscal third-quarter profit of 10 cents per share Thursday, matching its recently reduced estimate. At $2.7 billion, Oracle's third-quarter revenue was slightly above the $2.5 billion it reported during the same period a year earlier. The company's results matched the lower profit executives told the Street to expect earlier this month. Prior to the pre-announcement, the Street had been expecting Oracle to report a profit of 12 cents per share for the quarter. Shares of Oracle (ORCL: Research, Estimates) fell $1.38 to $14.69 on Nasdaq ahead of the earnings news, which was released after the closing bell. They fell another 28 cents to $14.41 in after hours trade.

To: A.L. Reagan who wrote (15616)	3/15/2001 6:23:17 PM
From: Rob S.	Respond to of 19079

Sales to Internet cos. dropped 60% while other areas grew 9%. It appears ORCL's qualifications pipeline has improved. Although the outlook is impaired, I think the stock has bottomed. As the economy improves toward the 2nd half, Oracle's outlook should improve. Combining the favorable product cycle and expected improvement in the economy, this looks like the low water mark. I am not a "fan" of Oracle or Larry E. but think the company is a buy.