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Technology Stocks : Oracle Corporation (ORCL)

ORCL 221.37

+0.4%

11:47 AM EST

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To: aps who wrote (8348)	9/13/1998 12:20:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 19080

RESEARCH ALERT- EVEREN cuts Oracle rating Reuters Story - September 11, 1998 10:15 %BUS %ENT %US %RCH %HOT ORCL V%REUTER P%RTR CHICAGO, Sept 11 (Reuters) - Everen Securities said Friday it lowered its intermediate-term rating on Oracle Corp., the world's largest database software company, to market performer from outperform, but maintained its long-term outperform rating. In a research note, Everen said Oracle's revenues of $1.75 billion were in line with its expectations, but said applications license revenues were disappointing. "We were looking for applications license growth to be the catalyst to drive the stock in the intermediate term," Everen said. "Having not seen positive results in this area for the quarter just reported, we are reducing our intermediate rating from an outperformer to a market performer rating. We continue to recommend purchase for longer-term value investors who can wait to see improved results in the applications business." The stock was up 3-5/16 at 25-7/16.

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