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

To: John F. Dowd who wrote (8504)	10/4/1998 3:19:00 PM
From: Hardly B. Solipsist	Read Replies (1) \| Respond to of 19080

I don't believe that these were "announced". This blurb is a shorter version of the Reuters story which said (as clearly as it said anything) that this was lifted from the 10-Q. If you have ever read any 10-Q's, as I assume you have, you know that there is a bunch of boilerplate in them in which lawyers mention any conceivable thing that could go wrong (such as "If people stop buying database software, Oracle will lose a large portion of its current revenues."). For at least the last three versions of the 10-Q the statements that led to the "big news" story in Reuters have appeared in exactly the same place with the same wording. Even the blurb makes is clear that it wasn't an announcement, but a "disclosure". You are welcome to get as excited about the possibility of price cuts due to competition as you like, but do yourself a favor and don't take everything you see in a news article at face value. And I don't have any idea what the coming quarter's revenues look like. But if ORCL is going to miss and wanted to let people know, I am certain that they will announce it.

To: John F. Dowd who wrote (8504)	10/6/1998 11:43:00 AM
From: Reginald Middleton	Read Replies (2) \| Respond to of 19080

You have a valid point John. Orcl's reinvestment rate has dropped, they sold over 800 milliion dollars in assets this past quarter (my bet is that they wanted to artificially boost earnings since most investors don't know better than to avoid earnings analysis) and thier currency translation is starting to turn against them more aggressively. MSFT an dIBM are aggressive competitors and I feel that it is anathema (in terms of market value) to mention a problem from MSFT, which is why it wasn't mentioned in this latest warning. RCM rcmfinancial.com