Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 217.60

+1.5%

Dec 5 9:30 AM EST

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To: John Wright who wrote (9334)	1/12/1999 2:10:00 PM
From: Xpiderman	Read Replies (3) of 19080

Per Briefing.com: Oracle Corp. (ORCL) 45 5/8 -1 9/16: Gruntal & Co. maintains "buy" rating on developer of relational database software products and raises its 12-month price target from $41 to $55; new price target represents a forward P/E multiple of 40 times projected 1999 EPS estimate of $1.36 a share; issue currently trades at less than 34 times estimate, which represents a discount to its peer group; company should also benefit from the boom in Internet commerce and a strong new product cycle.

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