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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (1805)	7/11/2002 12:40:37 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Oracle CFO says visibility still poor REDWOOD SHORES, Calif., July 10 (Reuters) - Oracle Corp.'s <ORCL.O> Chief Financial Officer told analysts on Wednesday that it is still very difficult to predict demand for the software giant's products, but added that he believed that the worst is over. "It feels like it's (business) stabilized," Jeff Henley told analysts at Oracle's analyst day at the company's headquarters here. But at the same time, "I don't get any sense that it's getting better," he said. "It doesn't feel like it's getting worse, but I made the same statement six months ago and it still got worse," Henley said. "The visibility is still poor. I have no better feel than I did three months ago, (or) six months ago." Henley also displayed a slide at the meeting, which was the same financial guidance he gave when the No. 2 software maker reported results in June. That guidance was for software sales in Oracle's current fiscal first quarter could fall 15 percent to 25 percent and for earnings per share of 7 cents. Oracle, which grew rapidly during the dot-com boom, has fallen on rough times, along with the entire technology sector as economies cooled and the dot-com bubble burst. ((--Duncan Martell, San Francisco bureau, 415 677-2536, duncan.martell@reuters.com)) REUTERS * end of story *