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


To: Lizzie Tudor who wrote (17985)3/18/2003 5:52:03 PM
From: MeDroogies  Read Replies (1) | Respond to of 19079
 
I agree about AH. Thing is, they haven't been a barometer IF the move was small and the market was looking to move in a different direction.
The market is pretty overbought right now, and needs to pull back some, and ORCL moved alot, about .30.

Thing is, the market has made its corrections short and sweet lately. Up for 20 min in the AM, then down, down, down. Then down briefly in the AM, and up, up, up.
Futures are flat right now.



To: Lizzie Tudor who wrote (17985)3/18/2003 7:05:55 PM
From: brushwud  Respond to of 19079
 
I was pleasantly surprised by the orcl numbers. I'm not sure about the stock falling tomorrow, ah hasn't been a real barometer of the next day trading for awhile.

The facts, ma'am, just the facts:

REDWOOD SHORES, Calif. (CBS.MW) -- Oracle Corp. beat analyst expectations Tuesday with net income that rose 12 percent from a year earlier, although its stock fell in after-hours trading due in part to disappointing software license sales.

The maker of database-management software reported net income of $571 million, or 11 cents a share, up from $508 million, or 9 cents a share, a year earlier. Total sales rose 2 percent to $2.31 billion, up from $2.25 billion, although its closely watched new license sales fell 4 percent to $755 million.