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

To: Joan Osland Graffius who wrote (3671)	11/25/1997 9:03:00 PM
From: Maverick	Respond to of 19080

Morgan Stanley Dean Witter analyst Chuck Phillips said he reduced his revenue forecast for ORACLE CORP's 2Q by $16 million to $1.68 billion, due to potential weakness in the company's Asia/Pacific region. Phillips said in a research note he reduced his earnings estimate for the year to $1.10 per share from $1.11. Phillips said he is sticking to his $0.23 per share earnings estimate for the 2Q because he believes margin performance will be better than his original model for the quarter. Japan supplies almost half of Oracle's revenue in the region, and this revenue source seems unlikely to continue growing at its current rate. (Reuters 03:27 PM ET 11/24/97) For the full text story, see infobeat.com