Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JakeStraw who wrote (16282)	10/25/2001 8:47:13 AM
From: alydar	Read Replies (2) \| Respond to of 19079

<<Oracle downgraded by SSB (ORCL) By Julie Rannazzisi Oracle (ORCL) was downgraded by Salomon Smith Barney to a "neutral" from an "outperform" based on valuation, concern over the competitive landscape and downward estimate revisions. In a note released late Wednesday, analyst Gretchen Teagarden said the competitive landscape in the database, application server and applications market is deteriorating, with IBM (IBM) beginning to gain traction in the database and applications server market and vendors displaying price pressure in eth applications business. The brokerage said it believes customers will be favorably biased toward IBM for new deals due to Big Blue's very competitive pricing terms, which is achieves by bundling its software with other services and hardware. SSB reduced its price target on Oracle to $13 from $15 and lowered third- and fourth-quarter earnings-per-share estimates by a penny to 11 cents and 15 cents, respectively. Further, Salomon lowered its second-quarter 2002 revenue estimate to $2.49 billion from $2.5 billion based on lower licensing revenue. And SSB lowered 2001 revenue estimates by 2 percent and 2002 revenue estimates by 1.3 percent. Oracle closed on Wednesday down 2.3 percent to $14.66.>> i have no problem with a firm downgrading orcl but to reduce a quarter by 10 million. give me a break. noone can predict to that accuaracy. also, to reduce a hole years estimates by 1.3% is also stupid. being a past financial analyst anything less than 5%-10% miss is impossible to forecast. rocky