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Technology Stocks : Oracle Corporation (ORCL)

ORCL 185.28

-2.4%

11:54 AM EST

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To: SCourt who wrote (6565)	3/25/1998 1:44:00 PM
From: Uncle Frank	Read Replies (1) of 19080

Doesn't this sound close to stock manipulation? Does this mean CFOs can legally hold back reportable profits, announce a bad quarterly, let some insiders buy in, and then put out a "recovery" report. How much accounting latitude do these guys have? >>In a recent interview with Lane, he stated that Oracle could have very easily chosen the quarter before last to realize earnings that would have presented a better EPS to Wall Street and thus saved the horrific downslide in stock value. I don't think Oracle expected the reaction to be so violent.<< Frank

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