Volpe Brown Whelan Announces Investment Opinion on Oracle Corporation
Business Wire - August 06, 1999 05:15
Volpe Brown Whelan & Company Initiates Coverage of
ORACLE CORPORATION With a 'BUY' Rating
The following is being issued by Volpe Brown Whelan &
Company (VBW), a member of the National Association of
Securities Dealers, CRD number 18329:
VBW's Information Software Senior Analyst Steve Abrahamson
today initiated coverage of Oracle Corporation (Nasdaq: ORCL)
with a BUY rating. Oracle is the world's second-largest software
company providing Internet-based platform and application
software to enable e-business and e-commerce.
"We are initiating coverage of Oracle with a BUY rating, as the
company is in the midst of a strong Internet-based product cycle
that is driving license revenue growth as e-business and
e-commerce take off," said Abrahamson. "Oracle is the database
'gorilla' and continues to gain market share. It is also gaining
traction in the rapidly growing CRM and strategic procurement
application markets, and it boasts a strong customer franchise
and management team."
"We believe Oracle is strongly positioned for growth in the
Internet and e-business era by providing one-stop shopping for
e-business platform and application software and solutions," said
Abrahamson. "Furthermore, few other enterprise software
vendors can match Oracle's consulting resources or the breadth
and depth of its license support offerings. We believe Oracle is a
core holding for investors seeking e-business and e-commerce
infrastructure stocks."
Clients interested in receiving more information should contact
their Volpe Brown Whelan & Company salesperson at
415/274-4400.
About Volpe Brown Whelan & Company
Volpe Brown Whelan & Company is the leading investment bank
focused exclusively on technology and healthcare. Based in San
Francisco, VBW's understanding of the competitive and technical
factors that shape its clients' businesses enable the firm to identify
compelling investment opportunities, provide superior research
insight, and offer sound strategic and financial advice. Since
1992, VBW has managed or co-managed more than 210 public
offerings, raising more than $11 billion, and has advised clients on
more than 70 merger and acquisition transactions with an
aggregate value of more than $8 billion.
The information contained herein is not a complete analysis of
every material fact respecting any company, industry or security.
Although opinions and estimates expressed herein reflect the
current judgment of Volpe Brown Whelan & Company, the
information upon which such opinions and estimates are based is
not necessarily updated on a regular basis; when it is, the date of
the change in estimate will be noted. In addition, opinions and
estimates are subject to change without notice. The research
report referred to above contains forward-looking statements,
which involve risks and uncertainties. Actual results may differ
significantly from the results described in the forward-looking
statements.
Factors that might cause such a difference include, but are not
limited to, those discussed in "Investment Risks." Volpe Brown
Whelan & Company from time to time performs corporate
finance or other services for some companies described in its
research reports and may occasionally possess material,
nonpublic information regarding such companies. This information
is not used in the preparation of the opinions and estimates
therein. While the information contained in the report and the
opinions contained therein are based on sources believed to be
reliable, Volpe Brown Whelan & Company has not
independently verified the facts, assumptions and estimates
contained in such report. Accordingly, no representation or
warranty, expressed or implied, is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or
correctness of the information and opinions contained in the
report. Volpe Brown Whelan & Company, its managing
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purchases or sales while the report is in circulation.
CONTACT: Volpe Brown Whelan & Company
Steve Abrahamson, 415/274-4479
steve.abrahamson@vbwco.com
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