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.

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

To: Kumar Nathan who wrote (4613)	12/17/1997 2:08:00 PM
From: vinod Khurana	Respond to of 19080

Kumar, yes you could be right on the stock purchase plan. I spoke to my New York broker at Merryl Lynch and he tells me that at this price, he would not surprised if ORCL announced a major share buyback utilizing some of that $1.6 billion in cash they have on hand. He thinks the announcement could come as early as the new year. His firm has a hold on the stock and a long term buy. Regarding takeover rumors, he doubts anybody would dish out $32 billion but he does think that Mutual funds who sold out recently are going to start accumulating large positions of as much as 5% going into the new year. He believes that the stock will trade in the $21 - $28 range over the short term and suggested that I look at some of the January call options as that is where the activity will lie. I think we will see it strike $24 1/2 - $25 without problems and prior to Christmas and that the trend towards $26 - $27 will take it time going into the first or second week of January. I am holding out until at least $26 1/2. V.K