In making its announcement on Thursday, Oracle ominously omitted what it expects to earn in the coming months. Analysts cut estimates Following the news, analysts lined up to cut their estimates for what Oracle can expect to earn in the coming months and for the year. Goldman Sachs said it expects Oracle to earn a profit of 45 cents a share for fiscal year 2001, down from its previous estimate of 47 cents a share. At SG Cowen, analyst Andrew Brosseau cut his estimate of Oracle's profits in coming three months to 15 cents a share from 18 cents a share. Still, that was better than Credit Suisse First Boston's reduction to 13 cents a share from 18 cents a share.
Applications still tend to carry a big ticket.
In speaking to the BBC, Oracle's Mr Ellison noted that with the slowing in the US, the company is looking to Europe to shore up its bottom line.