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

To: Wheats who wrote (5304)	2/2/1998 9:17:00 AM
From: alfred felsberger	Respond to of 19080

Philip, thanks for your comments on Sybase. From Briefing: ORACLE CORP. (ORCL) 23 1/4 CLOSED. Shares of this relational database concern are likely to move higher this morning as Larry Ellison is again speaking out about Oracle's performance this year, in light of the financial problems being experienced in the Asian region. According to Mr. Ellison in speaking at the World Economic meeting at Davos Switzerland, he does not expect Oracle revenues to be significantly hurt in the Asian region, despite the prospects for those economies in that area to show zero growth in 1998. In fact, Mr. Ellison sees growth in its global database business of 15% to 20% in 1998. For the fiscal 3Q, Mr. Ellison reiterated the comments made last week in San Francisco in which he said that he expected sales of its database software products to rise by 25% compared to its year-ago period. While he acknowledges that Asia is a drag on the company's results, with Japan exhibiting only a modest increase at best on a year-over-year basis, he expects strong sales from Europe and North America to offset the problems being experienced in the Asian part of the world. He also sees the company being better managed this time around and countering these negative effects, rather than being caught "flat-footed" as it was in the last quarter and disappointing investors with its lackluster performance. In the past week, since Mr. Ellison made his statements on the growth outlook for the 3Q, the stock has risen by 22% and further gains are likely to continue this morning. The company is not scheduled to release its fiscal 3Q results until mid-March and current estimates call for Oracle to earn $0.19 a share, same as in the year-ago period.