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Technology Stocks : Oracle Corporation (ORCL)
ORCL 239.27-1.9%Nov 7 9:30 AM EST

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To: Bag of Pucks who wrote (15126)12/15/2000 5:47:37 AM
From: lml  Read Replies (1) of 19079
 
Management is paid to give a positive spin so I don't think you can take what they say at 100% face value even for the simple reason that even Management can't see three months ahead these days.

HK Lee, you couldn't be more wrong. Management is not paid to give a positive spin; management is paid to set forth a company strategy and execute upon it. As far as the efforts of management in disclosing to the investing public quarterly performance as well as forward-looking statements, I strongly suggest you head over the SEC's website and start reading two pieces of legislation that have been on the books for some time. In short they're commonly referred to as "The 1933 Act and 1934 Act." Teach yourself something about the disclosure of material information to the investing public, particularly by key management personnel, then come back here and re-read your statement. Share with us what you've learned.
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