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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (6071)	12/10/1997 12:17:00 AM
From: gordon	Read Replies (1) \| Respond to of 64865

Off the topic After did some researchs, I found ORCL did tell the truth and Asia currency crisis did hurt their EPS. Check these two news: www1.newsalert.com www1.newsalert.com Asia accounts for about 15 percent of Oracle's total revenue. So Asia total sales should be: $1600 million * 15% = $240 million. Revenue from Asia rose just 1 percent in U.S. dollars.In local currencies it rose 15 percent. There was a 14 percent difference, we could assume the cost was the same, the difference could count for pure profit. $240 * 14% = $33.6 million profit difference. $33.6 millions / 10 billions shares = 3 cent+ / per share. So without asia currency crisis, ORCL should make 19 + 3 = 21+ cent/share, EPS should miss only by one cent. But indeed their growth rate slowed down even without the Asia currency crisis. Overall ORCL still is a fundamental sound company except a little bit weak on their management, I will wait to pick up some shares after dust is settled. Cheers Gordon Shen