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

To: Mike who wrote (14121)	7/3/2000 12:27:25 AM
From: Obelix	Respond to of 19080

I thought this resignation was in the rumour mill for some time now and it was expected.

To: Mike who wrote (14121)	7/3/2000 4:31:39 AM
From: pafsanias	Read Replies (1) \| Respond to of 19080

Don't worry. 99% of the the people who post on the Yahoo boards are complete dullards, with little or no knowledge of Oracle or the stock market in general. Have you read some of their posts? "Oracle longs will loose there money." Ya gotta wonder how these knotheads figured out how to turn on a computer. Also, don't be spooked by all the negative spin by the Financial Times and other publications. They have no facts and they're stuck because no one will comment. The only way to make the story a STORY is to stir up trouble. From FT: "...what is clear is that it will hurt Oracle stock." (Oh, really? I guess that crystal ball is paying off) Not very objective. The reality: the stock might take a small hit Monday (press and rumor-mongers creating a self fulfilling prophecy), but rationality will ultimately prevail and it will probably be back to the mid 80s by next week. Besides, it was no secret that Lane was on his way out. All this talk of his departure being "abrupt" is nonsense. Oracle is and will continue to be a tech leader, with or without Ray Lane. I think the earnings and the product pipeline are a testament to that fact. All the imbeciles on the Yahoo boards can log onto E TRADE and sell their 50 shares. I'm staying put.

To: Mike who wrote (14121)	7/3/2000 11:51:33 AM
From: Marq Spencer	Read Replies (2) \| Respond to of 19080

Mike, I think that the stock is way overpriced. Have been thinking that for the past few months. With Ray Lane leaving, the trailing PE at 120, the current expectation of 20% earnings growth (or less), slow summer months for tech here, this is an ideal short. I shorted it this morning, my first short of any stock. I expect to cover at $60 within the next 60 days. - Marq.

To: Mike who wrote (14121)	7/3/2000 12:16:46 PM
From: lml	Read Replies (1) \| Respond to of 19080

FWIW, Mike, at this point in time, the stock price has reacted much the way I felt over the weekend. I figured the stock would immediately move down 3-4 points, with 5-6 points in the worse case scenario, depending upon more general conditions in the market. My take on Lane's resignation is that it is anything but a surprise to ORCL. Anyone who follows ORCL, or has been invested in it for more than a year, knows very well that Lane has been wanting to leave for sometime. This issue became most evident when Lane was being considered for the top job at HP, and even CPQ, when Pfieffer got the boot. It also became evident that Ellison successfuly convinced Lane to stay on for the transition period ORCL was about to go through, and that a success in this transition would be another testimony to Lane's leadership. Well, this has come to pass, and one cannot conclude that while Lane was doing his thing Ellison was hoping that Lane would stay on forever. Of course. Most likely, Larry E. has been preparing for Ray's departure for some time, and now with the pipeline for the coming year very strong, it was probably the best time for Ray to make the split. BTW, it wouldn't surprise me if the change in DBS sales policies was specifically implemented in conjunction with Lane's departure. Surprise? Not to ORCL key execs. JMO.

To: Mike who wrote (14121)	7/3/2000 12:51:46 PM
From: lml	Read Replies (1) \| Respond to of 19080

Mike: I forgot one more point to make in response to your post. Why place any credibility in what you read over at Yahoo? Why even waste your time over there? Today's market reaction is proof that the poster who called for a 10-point drop at the open is completely clueless. Everyone likes to hear themselves talk. But over at Yahoo, you are more likely to get those who really don't know what they're talking about, and likely have a surreptitious agenda for anything they say.