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Technology Stocks : Oracle Corporation (ORCL)

ORCL 193.76

+0.6%

Jan 6 3:59 PM EST

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To: Tech Master who wrote (6818)	4/6/1998 6:33:00 PM
From: Zoro	of 19080

Apr 06, 1998 (5:59 PM ET) - The Motley Fool Evening News Software maker Oracle (Nasdaq:ORCL - news) continued falling today, dropping $1 to $27 1/8 after losing nearly 7% on Friday following the company's warning on fourth quarter growth. At a meeting in San Francisco Thursday, the company told analysts not to expect growth rates to match those of last year and said it is working to increase sales of its applications software where it lags the growth rivals SAP AG, Baan Co. (Nasdaq:BAANF - news) , and PeopleSoft (Nasdaq:PSFT - news) . While its competitors' applications software sales have been growing at 60% rates, Oracle's sales rose 30% last quarter. Oracle will need to see continued growth in applications to fuel its performance in 1998. However, the fact that total applications revenues grew 51% in the latest quarter (services and license) is a good sign.

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