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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: hoffy who wrote (11107)	3/11/1999 7:38:00 PM
From: 2MAR$	Respond to of 56535

>>>ORCL<<<Trading far down in after-hours AFTER THE BELL-Oracle drops sharply after results -------------------------------------------------------------------------------- NEW YORK, March 11 (Reuters) - Shares in software company Oracle Corp. ORCL.O dropped 19 percent in after-hours trading on Instinet on Thursday after the company reported quarterly earnings. The stock dropped to 30-7/8 from its Nasdaq close of 36-7/8. In regular trading, it had dropped 1-1/16. Although the company's earnings rose 36 percent and were in line with expectations, some analysts expressed concern about growth in the company's licensed database revenues ** May be good buying op on friday!!

To: hoffy who wrote (11107)	3/11/1999 7:41:00 PM
From: kendall harmon	Read Replies (2) \| Respond to of 56535

I love this thread, I just cannot post very often because I have only one lifetime. You all played HBIX very well today. SFSK should be on everyone's watch list for tomorrow. Company Press Release SOURCE: Safeskin Corporation Safeskin Anticipates Lower than Expected Sales and Earnings for the First Quarter and Full Year 1999 - Company Results to be Affected as Distributors Reduce Inventory Levels and New Contracts Ramp Up More Slowly than Anticipated - - End-User Demand for Safeskin Products Expected to Remain Strong - SAN DIEGO, March 11 /PRNewswire/ -- Safeskin Corporation (Nasdaq: SFSK - news) today announced that the Company expects sales and earnings to be below analysts' expectations for the first quarter and full year of 1999. FIRST QUARTER 1999 IMPACT Safeskin's sales are expected to be approximately $28 million below analysts' expectations for the first quarter ending March 31, 1999. The Company believes that it is prudent to reduce sales and earnings expectations in light of higher than estimated distributor inventory levels and slower-than-anticipated ramp up of orders from new customer contracts. It is anticipated that these events will reduce earnings in the first quarter by approximately $0.25 - $0.26 per share below analysts' expectations. FULL YEAR 1999 IMPACT While the Company expects that end-user demand for Safeskin products will remain strong, it believes that sales growth will be tempered by the continuing effects of the slower-than-anticipated ramp up of orders from new customer contracts and by increased pricing pressures. Safeskin estimates that sales for the year will be lower by approximately an additional $25 million. The Company expects gross margins to decline four-to-six percentage points by the end of the year to the 46-to-48 percent range. BUSINESS REMAINS STRONG Richard Jaffe, chairman, president and chief executive officer of Safeskin, said: ''While we are disappointed with the reduction of our anticipated results for the current year, we believe the fundamentals of our business remain strong. ''As Safeskin's distributors were coming off allocation in the third quarter of 1998, we were delivering product into our distribution channels to support an expected rapid increase in sales to meet strong market demand for our products. As it turns out, there was more inventory in the system at that time than we had previously estimated and the ramp up of orders from new contracts took longer than anticipated. ''Going forward,'' Mr. Jaffe continued, ''we believe that the slower-than-anticipated sales ramp-up from new contracts, as well as increased pricing pressures, will negatively affect this year. However, we are optimistic that these issues will be partially offset by planned reductions in expense growth and by continued operating efficiencies being generated by the relocation of our production facilities to Thailand. In addition, the Company will review its 1999 capital expenditure program in light of the developments this quarter. ''Our business is healthy, and our opportunity to grow remains strong. We continue to sign new customers and, at the same time, will remain the low-cost producer of high-quality gloves. We will continue to invest in sales, marketing and product development, to introduce new products and to focus on our high-growth markets,'' Mr. Jaffe concluded. Safeskin Corporation is a leading manufacturer of high-quality disposable latex and synthetic medical examination gloves for the United States market and believes that it is the world's leading manufacturer of high-quality disposable powder-free examination gloves. The Company produces gloves at its manufacturing facilities in Southeast Asia using proprietary formulations and processes.