Updated from July 14 Don't look for Oracle ( ORCL) in the warnings parade. At the software company's annual meeting with analysts on Wednesday, Oracle executives reaffirmed their previous earnings guidance. The reassurance from Oracle stands in contrast to companies such as PeopleSoft ( PSFT), Siebel Systems ( SEBL), Veritas ( VRTS), Computer Associates ( CA) and BMC Software ( BMC), all of which recently
warned that they wouldn't meet Wall Street's targets. "It's not at all clear to me that something has changed that will make everything worse," said Oracle Chairman Jeff Henley at the analyst meeting. In its first fiscal quarter, which ends next month, Oracle has forecast earnings of 9 cents a share on sales ranging from $2.15 billion to $2.21 billion. Analysts polled by Thomson First Call are expecting the company to earn 9 cents a share on $2.24 billion in sales. At Wednesday's analyst day, CEO Larry Ellison said the company is looking at other acquisitions, a longstanding position, but would prefer to complete the PeopleSoft deal first. Two targets, he said, are companies run by former Oracle executives that are close by. Although Ellison didn't mention them by name, both Siebel and Business Objects ( BOBJ) fit the bill and both were on a shopping list introduced as evidence during the ongoing antitrust trial. Oracle's shares rose 10 cents, or 0.9%, to $10.80 Thursday morning. PeopleSoft, whose shares have enjoyed a rally the last few days as Oracle's prospects have improved in antitrust court, was recently down 9 cents, or 0.5%, to $18.10.