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Technology Stocks : Y2k : effects on non Y2k related stocks

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To: John Mansfield who wrote (18)6/21/1998 1:14:00 PM
From: John Mansfield   of 54
 
Oracle

'"Oracle will have to ensure its current installed base of customers are running compliant applications, as Oracle core applications purchased prior to version 10.7 are not Year 2000 compliant," said Takata.

"We also see risk in the company's data base sales area as we begin to approach 1999, because the company continues to indicate that customers are moving away from long-term projects to concentrate on Year 2000. This can only get worse through next year, in our opinion."

Takata joins the consensus of analysts in rating Oracle a "hold." He does not recommend new purchase at this time because of his concerns about the slowing revenue and profit growth at the company.
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