Although it's still early in the quarter, we worry that what is typically a strong quarter for Oracle could prove to be unusually weak given the tough U.S. macroeconomic environment and potentially weakening conditions in International markets.

279

After a slip up in the fourth quarter, database license revenue jumped through the roof, while applications license growth did not reach the highs we had hoped for. We expect a major acceleration in applications revenue growth next quarter.

256

We believe that the chances of Oracle hitting consensus estimates for its May quarter are low.

220

Apparently, more Sun servers are sold running Oracle software than anything else. Weak results and guidance from Sun only serve to compound our near-term worries.

195

The stock is now trading at 42 times next year's earnings estimates, a huge discount to where it has traded over the last six months.

182

We can't afford it. Period.

180

When we upgraded PeopleSoft in early July, it appeared to us that after a long period of darkness, there was light at the end of the tunnel. [With the subsequent quarter in July] we believed this case much more strongly. This quarter however is, in our view, a landmark quarter as the company has now clearly emerged from the tunnel.

179

The way in which these suits could be good for Microsoft competitors is if [they] cause Microsoft to create bureaucracy and legal oversight committees, to move more slowly.

157

Most importantly, PeopleSoft blew away the license revenue number, which we believe is the more important indicator of a turnaround.

144