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

To: Bag of Pucks who wrote (15146)	12/15/2000 2:19:57 PM
From: lml	Read Replies (1) \| Respond to of 19079

What do you think, HK -- that I'm stupid to buy into to your bogus response to me. You defend yourself by asserting " I did not say that Management lies and is paid to lie." Well, no you didn't. What you did say was "Management is paid to give a positive spin so I don't think you can take what they say at 100% face value . . ." The foregoing is absolutely wrong and a misconception on your part as well as a complete lack of appreciation of Federal Securities laws that control or limit what management can say to investors, particularly on a conference call or in a 10-Q filing as it pertains to forward-looking statements. Despite safe-harbors regarding such forward-looking statements, which I suggest you become familiar with, there is no way management is going to over embellish their prospects on a broadcasted and recorded conference call where scrutiny can be argued to be the greatest. If anything, management will tend to be conservative. It does not serve their purpose but to be anything but truthful. Many here badmouth Larry Ellison for his aggressive comments. Well, I have two things to say on this note. First, practically everything Larry has said over the past couple years has been correct and the company has met or exceeded those expectations. Second, even if we accept Larry's overly optimistic view of things, which IMHO is more of matter of style than of substance, he, as well as Henley, are certainly not going to overboard, as you might suggest, on a conference call. That you remain convinced that this is NOT the case tells me you need to bone up on Federal Securities laws regarding the disclosure of material information to the market by corporate management. And I ask you, when was the last time ORCL was sued for misleading investors? A long time. The only suits you read about are about disgruntled ex-employees with a legitimate beef of being screwed out of stock options; one of Larry's ex-girlfriends attempting to extort money; or trade secret or unfair competition complaints among competitors. ORCL got their butt handed to them in 1990 for misleading the market with overly aggressive accounting practices; they are certain not to let that happen again. So, HK, please give it a rest.