ORCL selected by Insiderwire!.
Subject: Insiderwire Report Friday, September 11th, 1998
the insiderwire Report
Volume I Issue 27 September 11, 1998
The Insiderwire Report - Brought to you
by...(http://www.insiderwire.com) September 11, 1998
Email the Editor: editor@insiderwire.com
-----------------------------------------------------------------------
Wired Weekly Pick for the week beginning Sunday, September 13, 1998
Oracle Corporation (NASDAQ: ORCL)
ORCL Snapshot:
Oracle Corporation designs, develops, markets and supports computer
software products with a variety of uses, including database
management, application development and business intelligence and
business applications. For the fiscal year ended 5/31/98, revenues
rose 26% to $7.14 billion. Net income fell 1% to $813.7 million.
Revenues reflect higher services revenues due to continued growth of
the installed base of customers. Earnings were offset by increased
acquired R&D charges.1
Friday, September 11, 1998, showed ORCL increasing by 15.25% to close
at $25.50. We feel that this little surge is a preview of things to
come.
Oracle's stock has been trading in the twenty dollar range for over
three months. In our opinion, Oracle develops and markets outstanding
products with a global presence. As the need for information storage
and management increases, Oracle is poised to be a dominant player in
the database market. Capturing on the explosion of the Internet with
its new development tools, and consistently fine tuning the backend db
server (last reported to be able to deliver over 100,000 transactions
per minute), Oracle is agressively converting IT managers and CIOs
worldwide.
Oracle has recently announced its previous quarter earnings were
higher than expected. That news, coupled with three upgrades by CIBC
Oppenheimer, Merrill Lynch, and Prudential, should give ORCL a
well-deserved boost in the coming week.
1 Oracle Business Summary, Yahoo, Inc.
-----------------------------------------------------------------------
Disclaimer
The insiderwire is an independent financial forum committed to
providing timely and factual profiles on selected companies. Companies |
