From sawmillert@state.mi.us Thu, 22 Mar 2001 06:29:05 -0800 From: "Tim Sawmiller" Date: Thu, 22 Mar 2001 06:29:05 -0800 Subject: Re:But all is not gloom and doom for Oracle... Message-ID: MIME-Version: 1.0 Content-Type: text/plain Well the Oracle CFO is naturally going to be bullish. What's wrong with listening to an independent analyst? And your buddy is doing financial analysis, not chemical analysis, so your story is supererogatory. If I want to invest in a car repair shop, I want to know about financial performance. If their mechanics aren't any good, I expect the finances will reflect that. Try using analogies that are valid please. >>> dgoulet@vicr.com 03/21/01 03:29PM >>> 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" 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 made $900 million in operating profits in the quarter. This is real business. - Revenue of $2.67 billion was 5% below our $2.75 billion estimate -- not 25% below like some other pre-announcements. - The company booked $1.1 billion in license revenue instead of our $1.2 billion estimate -- so most deals closed. - Applications were up 50% in the quarter. Database was flat to slightly down in the quarter versus a tough compare. Total licenses increased 6%. 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@csus.edu 03/21/01 01:52PM >>> ------- Forwarded message follows ------- Date sent: Mon, 19 Mar 2001 02:04:08 -0500 (EST) ... *************************************************** $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- over-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 *************************************************** ... Did someone forward this to you? Get your own issue... http://update.internetweek.com/cgi-bin4/flo?y=eC2a0BdpN70V30LsYu Still not receiving your own FREE subscription to InternetWeek Magazine? Subscribe by going to http://update.internetweek.com/cgi-bin4/flo?y=eC2a0BdpN70V30LsZv This message powered by FloNetwork http://www.flonetwork.com ------- End of forwarded message ------- -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Eric D. Pierce INET: PierceED@csus.edu Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru@fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing). -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Tim Sawmiller INET: sawmillert@state.mi.us Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru@fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing). -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: INET: dgoulet@vicr.com Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru@fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing). -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Tim Sawmiller INET: sawmillert@state.mi.us Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru@fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing).