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Technology Stocks : Oracle Corporation (ORCL)

ORCL 201.95

-1.5%

Nov 28 9:30 AM EST

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To: Dr. Doktor who wrote (3856)	12/9/1997 8:39:00 AM
From: prakash	Read Replies (2) of 19080

This was ML's "predictions" on 10/29 Visit Shows Oracle on Track - 29 October 1997 On Target for Rebound At current levels, while not nearly as depressed as spring 1997 valuations, ORCL is trading at a lower multiple than we have seen in some time. The stock posted a strong rebound Tuesday, in response to Monday's 550 point market correction, showing strong support in the low $30s. We believe that, with a solid November quarter earnings report and a rebound in its database business, ORCL could see a 2Q 98 (Nov) reaction similar to Oracle's 3Q 97 (Feb) last spring, where the stock jumped $5 on heavy volume as many on the sidelines moved back into the stock. Oracle is still the dominant franchise in database technology, with burgeoning opportunities in applications software and a wildcard in network computing. 70% of Oracle's revenue came from high-growth services and applications revenues. This enabled Oracle to miss its database revenue targets and still achieve high-end estimates for revenue and EPS for 1Q 98. ----------- The analyst even went to the length to predict that ORCL could open $5 up when the earnings were released. Now they change their opinion. So much for these analysts.. Prakash

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