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

To: lml who wrote (4849)	12/31/1997 9:53:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 19080

lml, any comments on the following bit of news? Rather depressing. yahoo.com

To: lml who wrote (4849)	12/31/1997 1:01:00 PM
From: vinod Khurana	Respond to of 19080

The bottom line no matter which way you read it is that the NC is not about to generate significant revenues anytime in the next two - three years and may become at the end of the day...just one of those toys that came with a bang and left with a bang. Regardless, ORCL fundamentals remain strong in my opinion. Who cares about 50% growth when the stock is trading in the low $20's. At least it is no longer trading in the high $30's or low $40's. The market cap. at $21 - $27 billion seems reasonable in comparison to other software companies. On a technical basis, I am expecting ORCL to trade in the $21 - $26 range for some time to come with a possible move by mid-year. I doubt we will see anything beyond $35 in 1998 unless takeover rumors surface. I think we will see a quick spurt of $2 - $3 in a single day (anyday now) and that will take ORCL between the range of $25 - $26. The charts clearly indicate the trend. On a final note, everyone MUST realize that in NO WAY will the 1998 high on ORACLE be seen as $22 - $22 1/2 which is what it might close at today and on the last day of 1997. I believe that we will see it in the $30's range at some point in 1998. For this reason, a buy today has the potential to return just under 50% on your investment. The pros are going to realize this soon so better buy before the herd comes charging in. V.K