Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.84

-10.9%

3:59 PM EST

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To: grogger who wrote (3293)	10/9/1997 11:18:00 PM
From: lml	of 19080

It WILL be interesting tomorrow to see how the market views this restatement. Agreed it is merely a bookkeeping change. But the real question is how the analysts will view ORCL's decision to treat the purchase as a cash for stock transaction rather than an asset purchase. Reading into the press release, it would appear that the net effect would be to enhance growth in net earnings going forward. This, IMHO is positive. The "hit" is the restatement for last quarter, which is history. How much weight will analysts give a restatement of "old" numbers vs. bigger numbers going forward is the key to understanding how the market will react tomorrow. If your a long-term, IMHO, the news is positive. And any sell off by those who just read the headlines, will provide a great buying opportunity. JMO.

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