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Technology Stocks : Oracle Corporation (ORCL)

ORCL 204.96

+4.0%

3:59 PM EST

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To: John F. Dowd who wrote (5718)	2/28/1998 11:26:00 PM
From: Gary Ku	Read Replies (2) of 19080

Jim Mendelson, who follows Oracle for SoundView Financial Group, said several factors combined to prop up the stock. He said comments from Chief Executive Larry Ellison about two weeks ago suggesting that Wall Street had become too bearish on the company's business helped lay the groundwork for buying. Ellison said late last month that Oracle's third-quarter database sales would grow 25% year over year in North America. The following two news about ORCL confirms Ellison's positive comments: 1. Redwood Shores, Calif. (Dow Jones)--Darigold Inc., a Northwestern dairy coorperative, expects to save more than $46 million over the next five years after implementing Oracle Corp.'s Oracle CPG, a software system designed for the consumer packaged goods industry. 2. Info World Names Oracle8(TM), Oracle(R) Application Server Database and Server Software Products of the year. Oracle8's Enterprise Manageability, Performance, Scalability and Object-Relational Support Praised as Key Attributes Oracle Application Server Commended for Robust Scalability, Fault Tolerance, Strong Transaction Management Support and Server-Side Application Capabilities.

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