Re: Ellison bash at Informix
It is my personal opinion that Informix will be owned by Microsoft by the end of the year. Seth rambabu@sprynet.com ("Vijay R. Anisetti") writes: >The following news item like the following does shatter the customer >confidence further >if BOB does not respond, particularly to the quotes by Ellison and the >stock price >wobbling around 6 1/2 for the last few days. Everyone knows about the >big mouth of >Ellison, but it might make the difference for informix in a state it is >in now. >any comments???? >Vijay Rambabu >------------------------------------------------------------------------------------- >Oracle FY98 growth beating Q1 levels >LOS ANGELES, Sept 23 (Reuter) - Oracle Corp Chairman and Chief Executive >Larry Ellison said Tuesday that earnings growth for the rest >of fiscal 1998 will outpace the company's first quarter growth. >Earnings growth for the rest of the year ``will be much higher than it >was in the first quarter,'' Ellison told Reuters. >Last week Oracle, the biggest publisher of database software, reported >first quarter profits rose 33 percent, about as much as Wall Street >expected, on strong increases from its software consulting business. >Profit, not counting charges for acquisitions, rose to $149.8 million, >or $0.15 a share, compared with $113 million, or $0.11 a share, in the >same quarter a year ago. >Ellison said Oracle was suceeding in gaining market share by selling >more databases at a lower cost. >He said he was certain that rival database maker Informix Corp (IFMXE) >could not survive its current problems. >Informix, which is preparing to restate its results, said Monday its may >now reduce 1996 revenues by more than $200 million and 1995 >revenues by $50 million. >``I share the opinion that Informix cannot survive,'' Ellison said. >``There is no way they can survive.'' >``It is inconceivable to me that any company making a fresh evaluation >between Oracle and Informix would ever choose Informix when it is >fairly certain there will be no Informix,'' he added. >-------------------------------------------------------------------- -- -- Seth Grimes grimes@access.digex.net http://www.access.digex.net/~grimes 301-891-2581 grimes@altaplana.com http://altaplana.com