Which is why, when you put all your eggs into that basket, you WATCH THAT BASKET!!!
>>> [EMAIL PROTECTED] 03/22/01 09:45AM >>>
I don't know if I necessarily agree with that. What if their financial
report from the past 3 years shows a lot of growth. Well if you don't
investigate the company and find anything out about it, you could be
getting yourself into trouble. What if they just replaced mgmt and he/she's
a meat head and doesn't like the current staff? Goes out and hires new
machanics and they suck, now that historical financial data doesn't mean
anyting, current customers will leave and no new ones will be coming. Bye
bye repair shop!
-----Original Message-----
Sawmiller
Sent: Thursday, March 22, 2001 7:47 AM
To: Multiple recipients of list ORACLE-L
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.
>>> [EMAIL PROTECTED] 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" <[EMAIL PROTECTED]>
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.
>>> [EMAIL PROTECTED] 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
***************************************************
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