Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.02

+0.2%

3:59 PM EST

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To: grogger who wrote (6784)	4/5/1998 8:32:00 PM
From: J P Cross	Read Replies (1) of 19080

Lou Rukeyser's April stock newsletter stated that Oracle pushed a several large database deals into the 4th Quarter. The article also highlighted the excellent 3rd quarter results even though SAP, BAAN and PeopleSoft exceeded Oracle's 30% growth in application software. Oracle also produced surprisingly strong earnings spurred by a 40% gain in services revenue and a stronger than expected 13% gain in database sales. My expectations for the 4th quarter Oracle earnings report is very optimistic. Also am hoping that Oracle will close around 34 by 4th Q earnings release. Short interest is decreasing - positive for longs. Long for now with reassessment of Oracle after 4th Q earnings release and conference call. Regards, JCross

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