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: Joe Antol who wrote (5519)	2/12/1998 1:26:00 PM
From: J P Cross	Read Replies (1) of 19079

Hi Joe, My take on the ensuing battle between the shorts and the longs is that a strong earnings report or two would greatly help build the confidence back in what was (and IMO is still is) a great blue chip technology company with the best data base system on the planet (including MSFT - so far). Oracle needed a wake up call and the street gave it to them by dinging ORCL far more than it deserved IMO. Thus I think the stock is a bit undervalued at this time. It might not be worth 45 but 26 -27 is a good to cheap price. Vector Vest values ORCL at 30+ even with a fairly high PE that it currently stands at. (I'll see if I can post the Vector Vest rating.) Informix came back from the dead and ORCL is far from being as dead as Informix was. My take: Reports of ORCLs death have been greatly exaggerated IMO. When the smoke clears I am betting that ORCL will come out with an impressive earnings report which will propel the stock higher due to a strong buying demand by the institutional buyers. This could move ORCL up very-high, very-fast so hold on it will be bumpy. I think ORCL will see 35 before it sees 15. JCross

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