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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (32850)	6/17/2001 3:02:28 PM
From: Johnny Canuck	Read Replies (1) of 69169

But that doesn't help investors much in the short term, which is looking dicey. Sherland recommends Microsoft as a "relative safe harbor" because most of the bad news should be behind the company. He also finds some solace in Siebel Systems because customer relations-management software registers high on information technology executives' shopping lists. "If any company should make its numbers, it's Siebel. And yet [CEO] Tom Siebel was apprehensive himself," Sherland says. The June gloom doesn't stop there. Contributing to the dreariness could be Oracle, which is slated to report earnings for its fiscal fourth quarter (ended May 31) on Monday, June 18. And Sherlund is not optimistic that Larry Ellison & Co. will meet their already-reduced consensus estimate of 14 cents a share. Indeed, he says, Oracle's silence has been deafening. The lack of a pre-announcement by Oracle has done little to calm Sherlund's fear of an earnings whiff. "I think they will have fallen short," he says. And that would not be sunny news. Says Sherlund: "As Oracle goes, so will go software stocks." interactive.wsj.com ************************** Given the new regualtions I would have thought the silence was a positive. We will see.

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