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Technology Stocks : Oracle Corporation (ORCL)
ORCL 179.10-5.0%2:01 PM EST
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To: Jimmy Dell who wrote (6764)4/4/1998 4:02:00 PM
From: WBendus  Read Replies (1) of 19080
 
The fall in price on Friday was a culmination of three factors.

1) the article that ran in the WSJ which suggests that the adoption of the NC may not materialize as soon a people have hoped.

2) The statement by the company that they were going to be reorganizing their sales force and that this will likely cut into 4th qtr numbers.

And 3), it was a Friday and people did not want to go into the weekend long for fear that there may be some analyst downgrades on Monday.

I suspect that the stock will see some more volatility over the next few months until issues surrounding the turnaround and NC are more understood.

I have enjoyed the run up from 24 3/8 and am glad I hedged for 13/16 when the stock was at 31.

Wayde.
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