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

To: Sanjay Desai who wrote (9028)	12/10/1998 4:47:00 PM
From: Platter	Read Replies (2) \| Respond to of 19080

ORCL traded up to 36.75 on Instinet (after close of $34.94),after earnings announcement...then pulled back to 35.75....at 4.46 pm trading at $34.62 after conference call

To: Sanjay Desai who wrote (9028)	12/10/1998 4:49:00 PM
From: Elmer Flugum	Respond to of 19080

Tnx

To: Sanjay Desai who wrote (9028)	12/10/1998 4:55:00 PM
From: treetopflier	Read Replies (1) \| Respond to of 19080

Yee haw! Front page at www.cnnfn.com NEW YORK (CNNfn) - Oracle Corp. Thursday reported fiscal second-quarter earnings well ahead of Wall Street forecasts as the company's core database software business grew 25 percent. For the quarter, Oracle (ORCL ) posted a profit of $274 million, a 46-percent increase from year-ago results, on $2.1 billion in revenue. The company's earnings equaled 28 cents a share, easily beating analyst estimates of 24 cents a share, according to First Call. Thursday's results marks the second quarter in a row Oracle has beaten Wall Street forecasts by 4 cents a share. In the year-ago period, Oracle posted a profit of $187 million, or 19 cents a share, on $1.6 billion of revenue. Oracle said revenue from its database business grew to $1.5 billion, 25 percent ahead of last-year's figures. "Our database revenue growth accelerated as Oracle has become the database of choice for Internet commerce," said Lawrence Ellison, Oracle chairman and chief executive officer. "Nine of the top 10 business-to-business e-commerce Web sites use the Oracle database." Oracle has been engaged in a fierce battle with Microsoft Corp. (MSFT ) in the database software market. Microsoft recently released SQL Server 7.0, which is fully integrated with the company's ubiquitous Microsoft Office suite of business software. Microsoft hopes to attract more corporate customers with the SQL-Office combination. (like flies to sh*t) Oracle, meanwhile, is aiming for even higher ground with Oracle 8i. The company calls Oracle 8i an "Internet operating system," claiming it is designed to compete against Microsoft's Windows NT operating system rather than SQL 7.0. For the six months ended November 30, Oracle reported earnings of $469 million, or 48 cents a share, on revenue of $3.8 billion, compared with earnings of $195.8 million, or 19 cents a diluted share, on $2.98 billion in revenue. Oracle (ORCL) shares closed at 34-15/16, down 1-11/16.