Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: grogger who wrote (9766)	3/9/1999 2:00:00 AM
From: Sonki	Read Replies (1) \| Respond to of 19080

ORACLE CORP is showing constant profitability from Asian operations, but the firm does not expect an overall regional recovery in the next 12 months, the company's president said on Monday. Raymond Lane, President and COO of Oracle Corp, said the impact of the Asian slowdown had clearly registered by late 1997, and the firm re-adjusted its targets last year accordingly. Lane said Asia Pacific operations contributed some 20% to the firm's overall revenues but the regional view was still cautious. In fiscal 1998, Oracle's revenues rose 26% to $7.1 bln, according to a company statement. (Reuters 09:13 AM ET 03/08/99)