Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 197.04

+0.9%

10:50 AM EST

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To: U Up U Down who wrote (14995)	11/30/2000 5:52:24 PM
From: Mephisto	Read Replies (1) of 19080

Oracle bucks stock downdraft Tech firm makes upbeat presentation By Steve Gelsi & Michael Baron, CBS.MarketWatch.com Last Update: 4:22 PM ET Nov 30, 2000 SCOTTSDALE, Ariz. (CBS.MW) -- Oracle was the only issue among the Nasdaq's top 10 volume movers to head into positive territory on Thursday amid upbeat comments by the software giant. Oracle (ORCL: news, msgs) gained a hefty 16 percent in late afternoon trades. The stock rose $3.63 to $26.50 on heavy volume of 84 million. It was the third highest volume stock on the Nasdaq. Larry Ellison, the company's founder, and Jeff Henley, its chief financial officer, made presentations at the Credit Suisse First Boston Technology Conference in Scottsdale, Ariz. earlier Thursday. According to a press release issued by CSFB, both presentations were "positive and upbeat." The firm also said that Henley reiterated Oracle's guidance for quarterly results. A First Call survey of 31 analysts puts the company's earnings at 10 cents a share for the period. The bullish tone of the presentation prompted CSFB analyst Wendell Laidley to reiterate a "strong buy" rating and $48 price target on the stock. www2.marketwatch.com

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