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

To: Sowbug who wrote (4670)	12/19/1997 7:33:00 AM
From: Mohan Marette	Respond to of 19080

Oracle's NCI to trim workforce. Here is a bit of good news, may be. news.com

To: Sowbug who wrote (4670)	12/19/1997 9:12:00 AM
From: Michael Olin	Respond to of 19080

I posted this link which describes Oracle's Christmas plans last week. The change in holiday party plans is old news. www1.sjmercury.com Since earnings came out this thread seems to have shifted focus from a mix of investors (my definition: holding the stock for the long term) and traders (what will the stock do TOMORROW?) to being heavily weighted towards traders. It has been suggested that someone start a new thread for the TA people and traders to discuss their minute-by-minute analysis of ORCL stock. Maybe that's not such a bad idea. WARNING - semi-aimless rant follows. Click on "Next" or continue at reading at your own risk. IMHO: all of the talk about Oracle as a company that is about to fail indicates a lack of understanding as to how widely their flagship product is used and how difficult it would be for companies to replace their Oracle databases with anything else. Sheer inertia will keep this company going for decades. Companies have their entire IS infrastructure built on Oracle. Considering the amount of legacy COBOL code that was written 20 years ago and is still running on mainframes, I would suggest that any reports of Oracle's imminent demise are, at best, misguided speculation. All of this, of course, has little or no bearing on the stock price. I would say that one can reasonably expect to not enjoy the tremedous rate of appreciation that ORCL has produced in the past. I also remember how the stock got clobbered (worse than this time) years ago, how I bailed out, and how I'm still kicking myself for not just waiting it out because it cost me that much more to get back in. If you are one of the people who feel entitled to having the value of your portfolio increase by some 40% a year (what number did that recent survey come up with, 37%?), then put ORCL on your list of "shit" stocks for the next year or so, find someplace else for your money, and then look again in late '98 or '99. I have made my living working with Oracle's products for the past 12 years. Demand for people with Oracle skills is orders of magnitude greater that the current supply. Good Oracle programmers, DBAs, consultants, etc. are able to pick and choose between the job offers. I get 2-3 calls from headhunters each week begging for people to fill laundry lists of open positions. I've been riding the Oracle stock price roller coaster for years. The top of the next hill is always higher than the last and the bottom not quite so low. I'm not sure how much I enjoy the ride, but I'm not getting off anytime soon. Enough of this rant. Feel free to dissect it. I may even keep count of the flame ratio. Enjoy the holidays and best of luck to us all. -Michael