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

To: Jerome who wrote (17137)	6/5/2002 6:04:56 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 19080

He said they'd be at least .12 for the quarter. More specifically, he said "Had we not done at least 12 cents in operating income, we would have had to warn and we didn't warn." Wall Street numbers had already been coming down, and .12 was the consensus. Still, a somewhat weak statement, considering that Henley's guidance in March was for 13-14 cents. The fact that they didn't explicity reiterate prior guidance tells me they're going to be closer to the current (lowered) consensus than to their prior guidance. Probably gets a couple of good days from it, but I wonder if it can get much past $10 unless they are able to indicate better visibility and growth going forward. No current position mg