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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: Still Rolling who wrote (15770)5/23/2001 9:14:37 AM
From: JakeStraw  Read Replies (1) of 19079
 
Oracle Corp (ORCL): Merrill Lynch expects ORCL to continue to lag software recovery as concerns persist about near-term performance in core product lines; early checks indicate aggressive discounting and that large deals are not closing; firm reducing MayQ EPS to $0.14 from $0.15 and rev. to $3.33 bln from $3.53 bln; trims FY02 EPS to $0.48 from $0.50 and rev. to $11.6 bln from $12.1 bln... sees near-term downside to $15, with intermediate prospects of 10%-15% appreciation. finance.yahoo.com
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