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

To: mcmiller who wrote (9911)	3/11/1999 10:43:00 PM
From: Michael Young	Read Replies (1) \| Respond to of 19080

<<Yes. And those numbers say ORCL beat expectations. Can't spin that.>> Analysts look at revenues more closely than earnings because revenues are the best indicator of product demand. EPS can be "manipulated," revenues can't - for the most part. Here is a take from an analyst: <Oracle beat the Street's earnings estimates largely by a $9 million sequential gain in other income, which came mostly from an initial public offering in Japan. Oracle also cut its sales and marketing expenses to $567,000 this quarter, down 4% from what the company spent last quarter and flat with spending the same quarter a year ago. Cutting sales and marketing expenses is "very unusual when revenue grows," the analyst says, adding that it "gives less credibility to the EPS number and makes people worried that the company is not investing for future growth." >>