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Re:But all is not gloom and doom for Oracle...

From: <dgoulet_at_vicr.com>
Date: Wed, 21 Mar 2001 12:59:28 -0800
Message-ID: <F001.002D3E3D.20010321122914@fatcity.com>

It's all "accounting" and "Wall street analysts". Most accountants I know can't keep their own check books balanced and I've got an old class mate down in a wallstreet brokerage. He does petrochemical companies. What I don't understand is how he got the job as he flunked chemistry in HS, and I mean REALLY flunked, like < 40 as a final grade not to mention what happen to the lab bench!!

It just doesn't figure. If you have a car problem you go looking for a qualified mechanic. But when you've got money to invest you listen to an Analyst? What about the opinions coming from the company CFO?? Case of the blind leading the blind & deaf.

Dick Goulet

____________________Reply Separator____________________
Author: "Tim Sawmiller" <sawmillert_at_state.mi.us>
Date:       3/21/2001 11:45 AM

But all is not gloom and doom for Oracle. Excerpts from Chuck Phillips of Morgan Stanley on the last quarter....

It's useful to keep the quarter in perspective. It's a miss but not a financial disaster:

 Oracle was one of the last generals left standing on a brittle  technology battlefield, and in the end couldn't avoid the bullets and hand grenades that were showering down from above. It has become clear that in an environment like this one, there are no bulletproof vests. Other software companies have to be concerned and will likely see something in March. Oracle has a strong product line, is well established with customers references and couldn't get quite enough deals done. Most other software companies are in far weaker positions from a product and positioning perspective.

>>> PierceED_at_csus.edu 03/21/01 01:52PM >>>

...



$1 Billion Savings Gets Even Less Likely For Oracle

Oracle's goal to reach one billion dollars in savings by implementing its own financial software just got even more unattainable. Oracle Thursday announced financial results for the third quarter, ending Feb. 28. As expected, the company failed to meet the margins and profits it will need to achieve its savings goals,

The operating margin for the third quarter was 33 percent. That's up 2 percent year-over-year, which is good, but it falls far short of the 40 percent margin that the company and financial analysts have said would be needed to achieve the company's goal of saving 1 billion in costs this year over last year.

Combine the disappointing operating margin with flat, rather than growing, profits and what you end up with is a cost savings, year- -year, significantly less than even the $300 million that it seemed was just barely within Oracle's reach two weeks ago. -- Mitch Wagner

Read the entire story:

http://update.internetweek.com/cgi-bin4/flo?y=eC2a0BdpN70V30LxJk


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Author: Eric D. Pierce
  INET: PierceED_at_csus.edu

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Author: Tim Sawmiller
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  INET: dgoulet_at_vicr.com
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