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

To: NoName who wrote (10715)	5/13/1999 9:23:00 PM
From: Ramsey Su	Respond to of 19080

NoName, when Maria B reported totally unsubstantiated rumor all day on CNBC, it is known as news. Can you imagine if the same story was first "reported" on SI, Yahoo, or some internet thread and ORCL went down 10% as a result. What do you think Maria B and CNBC would be reporting it as, these irresponsible posters of the internet? Ramsey

To: NoName who wrote (10715)	5/13/1999 9:50:00 PM
From: Kevin Yang	Respond to of 19080

16:30 [ORCL] ORACLE TO DISCUSS PRODUCTS AND STRATEGY AT ANALYST MEETING, NOT FINANCIAL PICTURE. 16:30 [ORCL] ORACLE PR HEAD: COMPANY IS NOT CHANGING GUIDANCE TO WALL STREET ANALYSTS. 16:30 [ORCL] ORACLE PR HEAD: PRESIDENT AND COO LAYNE NOT LEAVING COMPANY. - dbc.com

To: NoName who wrote (10715)	5/13/1999 10:01:00 PM
From: Kevin Yang	Respond to of 19080

Oracle to reassure analysts after stock drop - infoworld.com By Jack McCarthy InfoWorld Electric Posted at 4:26 PM PT, May 13, 1999 A top Oracle official said he will reassure financial analysts that the company is healthy after its stock dropped nearly 9 percent today amid Wall Street speculation that Oracle will forecast lower earnings. Chief Financial Officer Jeff Henley said he planned to tell analysts at a regular meeting later Thursday that Oracle is solidly placed in the business applications and database markets. "The facts are that we are gaining market shares in both applications and database," Henley said. He said he would not be making any predictions on earnings figures. "Part of our problem is we can't guarantee what will happen in the rest of the year," Henley said. However, "we are pretty confident that it will go pretty well." Oracle stock dropped 8.89 percent, or 2.25 points, to close at $23.06 Thursday, following reports that the company would predict lower earnings in coming quarters. The company's stock has dropped 18 percent this year, a sag Henley said was due to a sluggish applications market that also slowed database application sales. Concerns that the so-called year-2000 bug might create glitches in enterprise systems led executives to either purchase applications well in advance in 1998 or to put off purchases in the second half of this year, he said. The slack demand has slowed sales for all companies in the applications market, including PeopleSoft, Baan, and SAP, Henley said. However, such problems are temporary, he said. "We think next year is going to be wonderful," Henley said, adding that the company has high hopes for its new Oracle8i database product. In the third quarter, which ended Feb. 28, Oracle reported net income of $293 million, or 20 cents per diluted share, compared with net income of $215 million, or 14 cents per share, in the same quarter one year ago. Earnings per share reflected a three-for-two stock split in January. Third-quarter revenues totaled $2.08 billion, a 19 percent increase over $1.75 billion from the same quarter last year. Oracle's fourth quarter ends June 15. First Call analysts predict the company will report earnings per share of 33 cents.