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

To: George P. Stergio who wrote (5153)	1/24/1998 12:18:00 PM
From: danderso	Respond to of 19080

To all: One trade press rumour said Ray Lane (COO) was one of two candidates to be SGI CEO. An HP exec got the SGI job (not one of the two in the rumour, so what did they know ;-) Any idea whether the stock stayed around $18 because of that earlier rumour and rose to $20 when the real SGI news began to leak? Dave

To: George P. Stergio who wrote (5153)	1/24/1998 2:38:00 PM
From: lml	Respond to of 19080

<<Show me one analyst who downgraded Oracle before the bad news hit, and I'll show you a liar.>> George: I recall that Rick Sherlund at Goldman and Chuck Phillips @ Morgan Stanley both cut their estimates on ORCL about a week or so before the infamous 4Q earnings announcement. Sherlund downgraded ORCL on 12/1, taking it off Goldman's recommended list. He ain't no liar. In fact, it's these two guys whose analysis & recommendations going forward, you should weigh the most in your investment decisions for ORCL. These guys had the balls to call it before the news came out. In general, I think ORCL will come back. The company is going through a restructuring. This will take some time. But they've been there before & have performed well, if not outstanding. Regardless of what many may think of Larry E., ORCL's top management team is smart, aggressive & have historically, demonstrated the ability to execute . . . to achieve results.