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Technology Stocks : Oracle Corporation (ORCL)
ORCL 217.60+1.5%Dec 5 9:30 AM EST

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To: George P. Stergio who wrote (5153)1/24/1998 2:38:00 PM
From: lml   of 19080
 
<<Show me one analyst who downgraded Oracle before the bad news hit, and I'll show you a liar.>>

George:

I recall that Rick Sherlund at Goldman and Chuck Phillips @ Morgan Stanley both cut their estimates on ORCL about a week or so before the infamous 4Q earnings announcement. Sherlund downgraded ORCL on 12/1, taking it off Goldman's recommended list. He ain't no liar.

In fact, it's these two guys whose analysis & recommendations going forward, you should weigh the most in your investment decisions for ORCL. These guys had the balls to call it before the news came out.

In general, I think ORCL will come back. The company is going through a restructuring. This will take some time. But they've been there before & have performed well, if not outstanding. Regardless of what many may think of Larry E., ORCL's top management team is smart, aggressive & have historically, demonstrated the ability to execute . . . to achieve results.
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