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Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?

To: Melissa McAuliffe who wrote (619)	12/9/1997 2:29:00 PM
From: Tom Smith	Respond to of 940

Melissa/Paul/etc., The Oracle earnings press release was noticably lacking in details. It seems to me that they are embarassed by their performance and are hesitant to reveal the details. In prior quarters their press releases prominently stated performance figures by various criteria (revenue breakdown by database vs. applications, etc.) I found some more information in the Motley Fool write up on the conference call -- fool.com Some excerpts related to applications sales (and hence PSFT) -- REVENUES BREAKDOWN "License revenues were up only 3% year-over-year in dollars. Services revenues continued strong at 41% year-over-year growth, or 47% in local currencies. Both server and applications license revenues were weak. Server revenues were up 3% (10% in local currency), and applications revenues were up 7%. Management had stated previously that they had expected a tough comparison on the applications side, due to strong sales last year, but this was "clearly" below expectations. Support services revenue increased 35%, and consulting and education revenues rose 46%." YEAR 2000 "Although there is no way to know for sure, it's possible that the Year-2000 issue helped Oracle's sales to large enterprises in previous quarters, as those enterprises upgraded their applications as part of their Y2K plan. That could have a negative impact on apps sales in the middle of calendar 1998. On the other hand, mid-market companies may only now be formulating and implementing their Y2K plans." Tom