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

To: JakeStraw who wrote (15931)	6/22/2001 9:38:57 AM
From: MeDroogies	Read Replies (2) \| Respond to of 19079

I've read that article after each ORCL earnings announcement for the last 2 years. Funny how it always reads the same thing - licensing didn't perform, it was all an illusion based on cost savings, losing ground to IBM and MSFT....etc. OK, here are the facts - IF ORCL is saturated and losing ground to competitors, then it HAS to cut costs, because that's how it will position itself to hit future earnings estimates. That way, when the revenue flows again, it has better margins and a better story to tell. In the meantime, they only need to hit their earnings targets in a tough market. As for the cloudy future...granted, LE is bound to be hyperbolic, but he didn't seem to backoff from saying things looked good. And his ability to visualize the future is pretty consistently good. After all, he practically created the iMac and the iPac with his network computing concepts....and in the midst of the last ORCL debacle 3 years ago, he called ORCL to be one of the future leaders...which they are. I'll take LE's word over the words of a poor mouth journalist who is looking for a sensational story to sell. I work with too many journalists to take them at their word.