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Technology Stocks : Oracle Corporation (ORCL)
ORCL 204.96+4.0%Nov 26 3:59 PM EST
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To: Bipin Prasad who wrote (11765)9/14/1999 6:46:00 PM
From: alfred felsberger  Read Replies (3) of 19080
 
I would not buy tomorrow. Pure and simple: this numbers are terrible, nearly unbelievable. I remember well December 1997, when ORCL lost 30% in one trading day after reporting similar growth numbers. The street is focused on license revenue growth, and 7%, which is the pure license revenue growth number, is a huge disappointment. (Even IFMX did make 17% last quarter, when I remember correctly.) Of course December 1997 was a bear market, therefore the bulls might save you the day. But if the bears come back, watch out.
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