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

To: moose who wrote (5556)	2/16/1998 9:32:00 PM
From: moose	Respond to of 19079

I don't understand why CW plc went up 9 points. I read the article and they said it would be a merger. CW plc had revenues of over 11 billion and net income of 2.4 billion dollars for 97. This would make CW plc the buyer and would value ORCL at 30. I think ORCL will go up on the news if Wall Street believes this. Any thoughts on this?

To: moose who wrote (5556)	2/16/1998 10:59:00 PM
From: Charles Tutt	Respond to of 19079

Whatever ...

To: moose who wrote (5556)	2/16/1998 11:07:00 PM
From: DanZ	Read Replies (1) \| Respond to of 19079

Moose, Market makers make money on the spread between the bid and ask and simply take the opposite side of trades. On a stock with as much volume as Oracle, there is no way they can steer the price any particular way. Orders from buyers and sellers move the price, not market makers.