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

To: treetopflier who wrote (8997)	12/11/1998 9:21:00 AM
From: Sonki	Respond to of 19080

briefing changing their mind re:(ORCL) 34 15/16. Very good numbers, but that is becoming normal for Oracle. After the close Thursday, the world's second largest software company (their ads are working!), reported second fiscal quarter (Nov) earnings of $0.28 a share. That was 4 cents ahead of the published consensus expectations, but because ORCL has beaten estimates by 4 cents in each of the past three quarters, the market was expecting them to beat by a similar amount again. Nevertheless, this is a solid report, as earnings per share are up 47% from the year ago $0.19 per share. The stock is indicated to open 1 1/2 point higher. Revenues also rose a solid 27%, very much in line with the recent trend as the past three quarters were 28%, 26%, and 27%. ORCL also said that they saw "significant improvement" in the Asia-Pacific region, as revenues there rose 7%. Europe posted 31% revenue growth, and the Americas 30%. Overall, the numbers show ORCL still on track with solid growth, and increasing margins. The stock has been on a good run lately, rising steadily from a low of 18 in August. It is still below the all-time high of about 42 hit in July of 1997, as it it took a tumble when the Asian turmoil slowed the company's growth. After treading water for most of this year, the stock has finally attracted attention and gathered momentum again. Briefing.com believes this is justified. With a trailing 12-month price/earnings multiple of 31, ORCL is reasonably priced for the strong growth they are now experiencing