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Technology Stocks : Oracle Corporation (ORCL)

ORCL 179.62

-4.8%

11:52 AM EST

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To: dave who wrote (6722)	4/3/1998 4:42:00 PM
From: lml	Read Replies (1) of 19080

Source: Blumberg Oracle Corp. (ORCL) fell as much as 2 3/8 to 27 3/4 after the database-software company had a meeting for analysts yesterday, and Brian Skiba, with Lehman Brothers Inc., said a lot of analysts walked out of the get-together more confused than when they went in because they didn't understand the reorganization plan Oracle presented. Skiba reiterated a ''neutral'' rating on the stock. David Readerman, an analyst at NationsBanc Montgomery Securities LLC, said Oracle management was ''cautious regarding the fourth quarter.'' Who's this Skiba guy? How does he know the other analysts were confused? Maybe he's just slow, or not an independent thinker? Anybody familiar with this guy's track record. Based upon the words spewing from his own mouth, I'm not impressed. I recall Ray Lane on the conference call being cautious on Q4 numbers when Q3 numbers were announced. So why the chill? Maybe this Readerman guy didn't hear it right the first time. I don't know, thread, but this release IMHO, lacks objectivity & wreaks with statements intended to manipulate. More credibility could be attached to these statements if there was some substantive reference as to what info was presented at this conference. Let the broader market decide if the reogranization plan is confusing, & if management is NOW being more cautious than it was just a few weeks ago. JMO.

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