------- 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: [EMAIL PROTECTED] 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: [EMAIL PROTECTED] (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).
