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Technology Stocks : Oracle Corporation (ORCL)
ORCL 200.28+0.7%Nov 24 3:59 PM EST
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To: Mighty Mizzou who wrote (11022)6/15/1999 11:46:00 AM
From: lml  Read Replies (1) of 19080
 
The Street will focus on quality of earnings -- & revenues for that matter, not just the earnings figure. Remember why ORCL tanked down to present levels -- no evidence of its Internet strategy taking hold.

If there is some top line evidence in the #s that the strategy is making its way into the company's financials, IMHO the stock will move into the 30s, not necessarily immediately, but over the intermediate term -- provided we don't have an overall market correction in face of the prospect of rising interest rates.

There is so much pent-up demand for this stock, but the big money, which focuses on next Q #s has been content to put its money elsewhere until ORCL can "speak" revenues from its financials & not just from its press releases & public statements.

If we don't see any indication of the strategy taking hold, we will be stuck in the same trading range until next Q or more. Focus strictly on this Q's #s is IMHO a bit misplaced.
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