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.

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

To: lml who wrote (3905)	12/9/1997 11:32:00 AM
From: KEN G	Respond to of 19080

REDWOOD SHORES, Calif., Dec. 8 /PRNewswire/ -- Oracle Corporation (Nasdaq: ORCL) today reported results for the quarter ended November 30, 1997. Revenues increased 23 percent (29 percent in local currencies) to $1,614 million from $1,311 million in the same period last year. Net income for the period was $187 million, or $0.19 per share, compared to net income of $179 million, or $0.18 per share, in the second quarter of fiscal 1997. For the first six months of fiscal 1998, revenues increased 26 percent to $2,983 million from $2,364 million in the same period last year. Net income for the six-month period was $337 million, or $0.33 per share, compared to net income of $292 million, or $0.29 per share, excluding one-time charges associated with Navio and TSC acquisitions in the first fiscal quarter. Giving effect to the charges, net income for the six-month period was $196 million, or $0.19 per share. All of the share and per-share amounts in this release have been adjusted to reflect the 3-for-2 stock split effective August 15, 1997. "Clearly, we were disappointed with the results this quarter," said Jeffrey O. Henley, executive vice president and chief financial officer. "While several factors impacted the quarterly license growth, the economic situation in Asia-Pacific clearly had a significant impact. In addition, the strength of the dollar continued to have a dramatic effect on our reported results this quarter. Without the impact of currency exchange, overall revenue growth would have been 29 percent. In Asia Pacific, which experienced a 14 percentage point negative currency exchange rate impact, revenue would have grown 15 percent in local currencies (1 percent reported in US dollars). EMEA had the second greatest negative impact from currency, reporting revenue growth of 35 percent in local currencies (24 percent reported in US dollars). Americas reported revenue growth of 30 percent in local currencies (29 percent reported in US dollars), versus the same period last year." "During the first half of the fiscal year, Oracle established industry vertical organizations to deliver total solutions to key industries and we implemented several new product specialist organizations to achieve better alignment with our product divisions," said Ray Lane, Oracle president and chief operating officer. "While the vertical organizations are delivering larger transactions than ever before, the nature of these transactions require that the largest of these deals be accounted for differently than last year." Oracle Corporation is the world's leading supplier of software for information management, and the world's second largest independent software company. With annual revenues of over $6 billion, the company offers its database, tools and application products, along with related consulting, education, and support services, in more than 145 countries around the world. For more information about Oracle, call Oracle Investor Relations at 650-506-4073. Oracle's World Wide Web address is (URL)

To: lml who wrote (3905)	12/9/1997 11:34:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 19080

<<Don't forget about leverage. You got margin calls in play here. Stock is down roughly 30%. That's definitely going to have an effect on a margined position.>> So what does that mean? That other people are going to be forced to sell? To what extent would that affect ORCL itself? It seems like if I had 3 stocks in my portfolio, one tanked, and it resulted in a margin call, then I would sell the OTHER stocks, which presumably are down less than the tanked stock. So isn't it true that margin positions will have only a slight effect on ORCL?