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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: Jim Lou who wrote (3883)	12/9/1997 10:39:00 AM
From: Sonki	of 19080

Oracle Corp. (ORCL) 23 7/16 -8 15/16: --UPDATE-- CIBC Oppenheimer cuts FY98 and FY99 EPS estimates on relational database concern; lowers 1998 EPS to $0.90 from $1.11 a share and 1999 EPS to $1.10 from $1.39 a share..... Oracle Corp. (ORCL) 23 1/2 -8 7/8: --UPDATE-- Goldman Sachs cuts rating on relational database concern to a "market perform" from a "market outperform" recommendation..... Oracle Corp. (ORCL) 23 9/16 -8 13/16: --UPDATE-- Merrill Lynch lowers rating on relational database concern to a near-term "accumulate" from a "buy," but keeps its long-term rating at a "buy"..... Oracle Corp. (ORCL) 23 5/8 -8 3/4: --UPDATE-- Bear Stearns lowers rating on relational database concern to a "neutral" from a "buy"..... Oracle Corp. (ORCL) 23 3/8 -9: --UPDATE-- Lehman Brothers downgrades relational database concern to a "neutral" from a "strong buy"..... Oracle (ORCL) --UPDATE-- 32 3/8: Morgan Stanley downgrades from "strong buy" to "neutral" after company reported disappointing earnings after close yesterday... Oracle Corp. (ORCL) 32 3/8 +1 3/16: relational database software concern posts a fiscal 2Q net of $0.19 a share, four cents below the First Call estimate, vs year-ago net of $0.18 a share; revenues rose 23% to $1.61 bln; however, company is disappointed with results, cites economic conditions in the Asia-Pacific region for poor results.....

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