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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (37562)	7/11/2002 12:06:08 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68319

Oracle CFO Says Visibility Still Poor Wednesday July 10, 9:11 pm Eastern Time Reuters Business Report REDWOOD SHORES, Calif. (Reuters) - Oracle Corp.'s (NasdaqNM:ORCL - News) 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. ADVERTISEMENT "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.