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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (9847)	12/1/1997 11:49:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

To all, some interesting comments from an analyst at high profile investment banker: Monday December 1, 11:32 am Eastern Time RESEARCH ALERT - Goldman downgrades Oracle NEW YORK, Dec 1 (Reuters) - Goldman Sachs said on Monday it lowered its rating on shares of Oracle Corp to a market outperform after having the stock on its recommended list. -- ''We have been patient with Oracle stock despite some controversy over the past year, but we are increasingly of the view that the company seems to be just able to meet Street estimates and the apparent absence of material upside to our revenue and earnings estimates makes us question whether the stock can offer substantial upside for investors in light of what is likely to become a growing controversy,'' analyst Rick Sherlund said in a research note. -- Shares selling at 28 times our calendar 1998 earnings estimates of $1.20 per share, about in line with 25 percent to 30 percent long-term growth rate expectations. -- Database management system revenues grow only six percent last quarter, a traditionally slow quarter for the company, he said. -- ''We have hoped for a convincing rebound in the business in the current fiscal quater, and the company may have achieved the 20 percent server growth forecast by Street analysts, but this would still be well below growth rates of the past several years,'' Sherlund said. -- Growth in the applications business seems to have slowed to perhaps 40 percent growth in the current quarter, he said. EDDIE, re. WLA check my previous post again for a link on my fundamental view on the company. I think WLA is till expensive, given the earnings visibility. Labeling woes or not! -Mohan