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Technology Stocks : Oracle Corporation (ORCL)

ORCL 204.82

+4.0%

12:06 PM EST

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To: Lizzie Tudor who wrote (11800)	9/14/1999 11:04:00 PM
From: Paul van Wijk	Read Replies (2) of 19080

August was slow, Oracle (ORCL:Nasdaq) said after posting what turned out to be disappointing quarterly results late Tuesday. Excuses, excuses, after-hours investors scolded. It is my own personal experience that there is a slowdown in spending, probably Y2k-related, which is not an Oracle specific problem. I noticed it a few weeks ago. I know at least 2 of the major ICT-consultancy firms in Holland faced a significant increase of "people on the bench". A situation they haven't seen in years and makes management quiet nervous. It is a serious problem. An analist I know had dinner with one of their CEO's last week. He (the CEO) expected a decline in profit-margin or whatever from 17% to 14/16%. So I buy the Oracle story that one quarter doesn's spell a bad year. Second, I expect other companies in the sector also to disappoint. I posted this on the CPWR-thread about 2 weeks ago. Message 11191314 Paul

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