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Financial Forecast Assumptions
Oracle Corporation (ORCL)
(Dollars and Shares in Millions, Except Per Share Amounts)

 Actual Forecast
  12 Months  
05/31/97  		 12 Months  
05/31/98  		 12 Months  
05/31/99  		 12 Months  
05/31/00  		 12 Months  
05/31/01  		   12 Months  
05/31/02  		 12 Months  
05/31/03  		 12 Months  
05/31/04  		 12 Months  
05/31/05  		 12 Months  
05/31/06  
 
Year-to-Year Change in Net Sales NA   25.7%   23.6%   14.8%   7.2%    7.2%   7.2%   7.2%   7.2%   7.2%  
 
Operating Expenses as % of Net Sales 77.8%   82.6%   78.8%   69.6%   65.2%    65.0%   64.8%   64.5%   64.3%   64.0%  
 
Other Income (Expense) $28   $101   $130   $7,063   $218    $218   $218   $218   $218   $218  
 
Interest Rate on Borrowings NA   NA   NA   NA   NA    9.0%   9.0%   9.0%   9.0%   9.0%  
 
Interest Rate on Subordinated Debt NA   NA   NA   NA   NA    12.0%   12.0%   12.0%   12.0%   12.0%  
 
Income Tax Rate 36.0%   38.7%   34.9%   37.8%   35.5%    35.5%   35.5%   35.5%   35.5%   35.5%  
 
Cash $1,213   $1,920   $2,563   $7,762   $5,888    $5,888   $5,888   $5,888   $5,888   $5,888  
 
Number of Days Sales in Accounts Receivable 109.7   105.5   102.5   100.5   91.2    91.2   91.2   91.2   91.2   91.2  
 
Other Current Assets $349   $338   $405   $331   $361    $361   $361   $361   $361   $361  
 
Intangibles $99   $99   $99   $0   $0    $0   $0   $0   $0   $0  
 
Investments $116   $187   $250   $110   $0    $0   $0   $0   $0   $0  
 
Other Assets $269   $276   $476   $1,150   $1,092    $1,092   $1,092   $1,092   $1,092   $1,092  
 
Current Maturities $3   $3   $4   $3   $3    $3   $3   $3   $3   $3  
 
Number of Days Operating Expenses in Accounts Payable 15.3   14.8   14.9   14.9   13.9    13.9   13.9   13.9   13.9   13.9  
 
Number of Days Operating Expenses in Accrued Expenses 32.5   33.5   36.4   37.6   37.9    37.9   37.9   37.9   37.9   37.9  
 
Taxes Payable $204   $181   $278   $2,822   $767    $767   $767   $767   $767   $767  
 
Other Current Obligations $603   $877   $1,007   $1,133   $1,214    $1,214   $1,214   $1,214   $1,214   $1,214  
 
Other Current Liabilities $533   $641   $780   $891   $928    $928   $928   $928   $928   $928  
 
Term Loan $301   $304   $304   $301   $301    $298   $295   $292   $289   $286  
 
Subordinated Debt $0   $0   $0   $0   $0    $0   $0   $0   $0   $0  
 
Other Long Term Obligations $24   $57   $78   $186   $328    $328   $328   $328   $328   $328  
 
Other Liabilities $7   $16   $136   $267   $206    $206   $206   $206   $206   $206  
 
Common Stock $696   $976   $1,476   $3,112   $4,821    $4,821   $4,821   $4,821   $4,821   $4,821  
 
Preferred Stock $0   $0   $0   $0   $0    $0   $0   $0   $0   $0  
 
Other Equity $(12)   $(41)   $(47)   $5   $(154)    $(154)   $(154)   $(154)   $(154)   $(154)  
 
Treasury Stock $0   $0   $0   $0   $0    $0   $0   $0   $0   $0  
 
Capital Expenditures (Net) $391   $328   $347   $263   $313    $313   $313   $313   $313   $313  
 
Dividends as % of Net Earnings 0.0%   0.4%   0.4%   0.2%   1.1%    0.0%   0.0%   0.0%   0.0%   0.0%  
 
Depreciation (Net) $238   $286   $320   $314   $276    $276   $276   $276   $276   $276  
 
Estimated Borrowing Base as a % of Accounts Receivable 80.0%   80.0%   80.0%   80.0%   80.0%    80.0%   80.0%   80.0%   80.0%   80.0%  
 
Estimated Borrowing Base as a % of
      Property, Plant and Equipment (Net)		 50.0%   50.0%   50.0%   50.0%   50.0%    50.0%   50.0%   50.0%   50.0%   50.0%  
 
Common Shares Outstanding (Fully Diluted) 6,056   5,998   5,937   5,996   5,865    5,865   5,865   5,865   5,865   5,865