Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (37067)	5/20/2002 11:26:39 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70345

2:42PM Oracle stumbles after cautious Merrill note by Julie Rannazzisi Software issues attracted the most aggressive sellers throughout the trading day. Merrill Lynch pointed out in a research note that Oracle's (ORCL) CFO asserted IT spending would remain soft through 2002 as a year-end "use it or lose it" budget flush was not seen materializing. Merrill said it continued to see risk to its fourth- quarter license revenue growth estimates and changed its "volatility risk rating" on Oracle to "high" from "above average" based on "indicators of potential price fluctuation." Oracle dropped 5.3 percent while rival Microsoft fell 3.7 percent. 1:49PM Fairchild comments on Q2 revs; discloses stock sale (FCS) by Michael Baron Fairchild Semiconductor (FCS) is down $1.01, or 3.4 percent, to $28.74 in afternoon trades. The company is saying that revenue for the second quarter is tracking to the high end of its previously disclosed outlook for sequential growth of 3 to 5 percent. Fairchild is also disclosing that it and a selling shareholder plan to sell 20 million of its Class A common shares in a public offering. Fairchild is selling 13 million of the shares, with the selling holder offering the remainder. The deal provides an over-allotment option of 3 million shares.