Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 220.61

+0.3%

Nov 18 3:59 PM EST

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To: Hardly B. Solipsist who wrote (17701)	12/19/2002 9:19:44 AM
From: JakeStraw	Read Replies (2) of 19079

8:29AM Oracle: Summit Analytics reiterates Sell rating, $7 target (ORCL): Summit Analytics reiterates their Sell rating and $7 price target on ORCL; although co beat consensus ests last night, firm notes that deferred revs fell sharply for the first time in a year, and if you back out the $265 mln of reduced deferreds from sales, ORCL would have posted $0.05 and been light by $270 mln on the top line; also, channel checks indicate that calendar Q4 is shaping up to be a difficult one, and firm expects the co's "unsustainable" valuation to depreciate to trade in-line with its peer group. finance.yahoo.com

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