Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.02

+0.2%

3:59 PM EST

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To: Hardly B. Solipsist who wrote (17233)	6/18/2002 11:52:36 AM
From: MeDroogies	Read Replies (1) of 19080

Gotta love Merrill....LOL That said, ORCL is falling on light volume and rising as it picks up. Usually a good sign for an afternoon rally? Merrill weighs in on Oracle's prospects (ORCL) By Michael Baron Merrill Lynch is out with a research note on Oracle (ORCL) ahead of the database software giant's financial report after Tuesday's closing bell. The firm believes the stock will continue to trade in the $8-$10 range for the intermediate term with few near-term catalysts on the horizon to lift it. It noted that, while Oracle has already said its fourth-quarter earnings will at least match the current Wall Street consensus for a profit of 12 cents a share, the revenue picture at the company is "far from clear." Merrill also said that it harbors concerns about the normal seasonal uptick in Oracle's business this fall due to the current bleak information technology spending environment. Oracle shares are off 25 cents, or 2.7 percent, to $8.95, in recent action.

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