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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Yang who wrote (13471)3/15/2000 12:51:00 PM
From: Kevin Yang  Read Replies (2) | Respond to of 19080
 
SSB ups target to $100

RESEARCH ALERT - Oracle price target upped to $100
NEW YORK, March 15 (Reuters) - Salomon Smith Barney said on Wednesday that analyst Neil Herman raised his price target for Oracle Corp. (NasdaqNM:ORCL - news) to $100 from $85.

-- On Tuesday, Oracle reported fiscal third quarter results that were well ahead of analysts' forecasts.

-- Herman raised his fiscal fourth quarter earnings per share estimate was raised to 27 cents from 23 cents. Fiscal 2001 EPS estimates were raised to 84 cents from 73 cents.

-- The Internet is increasingly driving Oracle's business, Herman said.

-- Shares of Oracle were up 4-1/4 at 81-1/4 in trade on the Nasdaq stock market.



To: Kevin Yang who wrote (13471)3/15/2000 5:57:00 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 19080
 
It was our Hero Bill Clinton whose comments yesterday about
biotechnology that precipitated the second largest slide in the Nasdaq's history so When was the last time you saw the Dow up over 300 points and the Nasdaq down 120? It is like a
Dr. Jeckle, Mr hide day. Our Boy Bill Clinton did more damage in 2 days than Allen greenspan did in a year. With a friend like Bill who needs enemies? First it is Philip Morris, then it is Health care, followed by Monica Lewinsky followed by "Wag the Dog" and now "Boiler Room" in which Bill makes Ben Affleck look like Donald Fluck.

This will be the third time this year the Nasdaq has gone through a correction. Not even the stellar earnings from Oracle could save the day for the Nasdaq but long after Bill and Hilliary are history, the Nasdaq will keep improving as technology advances and earnings and stock prices soar.

The upgrade today by Merrill Lynch on Oracle is very good and we will see the stock reach 100 and beyond eventually.

Best Regards
Frank