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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (19118)	9/18/2001 10:56:44 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 52237

Oracle Oracle Says Sales Shrinking Faster Because of Attacks By Joe Bousquin Senior Writer 09/17/2001 08:04 PM EDT Oracle (ORCL:Nasdaq - news - commentary - research) said its sales could shrink at double the rate it previously expected due to last week's terrorist attacks. In an interview Monday, Jeff Henley, Oracle's chief financial officer, said that prior to last week's destruction in New York and Washington, the company was anticipating a decline in sales of about 8% during its fiscal second quarter, which ends in November. But because last week's attacks already have resulted in a dramatic slowing of business across the U.S., the company says software sales -- known as license sales -- could be down as much as 15% compared with the same period last year. That said, Oracle feels it can maintain its bottom line. "Of course, we can't forecast the impacts of the events in New York and how it will affect the economy and how it will affect our business, but even if new licenses sales decline by 15%, we believe we can preserve our profitability," said Larry Ellison, Oracle's CEO, during a conference call with Wall Street analysts. "The fact is, we don't know. It's very hard for people to figure out their own requirements. We're seeing demand, and people wanting to build systems very quickly inside the federal government," Ellison said. "At the same time, we're expecting a slowdown in other sectors and it's very difficult to balance out." During last year's fiscal second quarter, Oracle earned approximately 11 cents per share, and management said it thinks it can produce a similar number this year, even if sales fall, due to more streamlining in its business. Last week, Oracle said it recorded net income of $511 million, or 9 cents per share, on $2.2 billion in revenue during its fiscal first quarter. During the same period last year, the company reported earnings of 8 cents per share on $2.3 billion in revenue. Analysts were expecting the company to report earnings of 8 cents per share on $2.2 billion in revenue, according to Thomson Financial First Call. For its fiscal 2002 first quarter, the company's closely watched applications sales dropped 6% to $145.9 million from $155 million during the same period last year. Database sales, the company's largest product line, fell from $615.7 million to $565.2 million, an 8% decline. Ellison said the drop in database sales was primarily due to the tremendous number of Internet companies that have failed over the past year. "All of these dot-coms ran Oracle," Ellison said. "It (sales to Internet businesses) disappeared completely."

To: Paul Shread who wrote (19118)	9/18/2001 4:32:34 PM
From: bobby beara	Read Replies (1) \| Respond to of 52237

>>>Give me a high one-day close on the TRIN and I'll go long. Am just nibbling now. >>> paul thats a good idea, i nibbled this morning but sold em when no real rally materialized, even though we are deeply oversold and there are all kind of indicators that look ripe for at least a bounce to fill the gap, i wouldn't trust a reversal until/if we close above the 9/10 high, with a good breadth plurality, the stock market bubble is many layered and not just the internet bubble. If you look at berkshire hathaway chart it looks like it has just broken out of a year long rising wedge/distribution top, there are plenty of other charts that look like this. If you look at the dow and the nyse as long term distribution tops, there is a lot of pent-up power there, and yesterdays high volume gap may have activated those tops, better to be safe than sorry. stockcharts.com[w,a]daclyymy[dd][pb50!b200][vc60][iUb14!La12,26,9] stockcharts.com[w,a]daclyymy[df][pb50!b200][vc60][iUb14!La12,26,9]