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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (39291)5/2/2002 1:37:39 PM
From: Kelvin Taylor  Read Replies (3) of 53068
 
PALO ALTO, Calif. (Reuters) - Shares of Oracle Corp. (NasdaqNM:ORCL - news), the world's second-biggest software maker, on Thursday approached their August 1999 low on concerns that the company will miss fourth-quarter targets and news that a senior sales executive will depart at month-end.

The database giant's stock was down 74 cents at $8.71 in midday Nasdaq trade after bottoming at $8.65. Oracle shares last saw such levels in August 1999, when they sank to $8.67. The stock, which rode the dot-com craze, peaked at $46.47 in September 2000.

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