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

To: rocks who wrote (5990)	3/9/1998 8:16:00 PM
From: grogger	Respond to of 19080

I would think so, but it seems like you can never tell. I never expected a 10 pt drop last quarter. there shouldn;t be much downside. I would think that if earnings are good we should go right back tro the 30s. I just worry about the direction of the mkt. I hope tech earnings are good and it rallies. I think ORCL cna help the whole mkt. Rob

To: rocks who wrote (5990)	3/9/1998 8:33:00 PM
From: trust fund pirate	Read Replies (1) \| Respond to of 19080

I wouldn't look for a big run up on Friday with earnings coming in at 0.19, or even 0.02 or 0.03(as I suspect)above that, unless the report is accompanied by corresponding good news in terms of revenue growth, etc. I don't think earnings of 0.19 - 0.22 will be seen as a stunning surprise by the Street. We could see a spike upward, however, as the shorts who've been speculating on the quarter are forced to cover, then settle in at $29 or so. If earnings, growth, and outlook all come in positive, we may start to get some more analyst upgrades and I think we'll then move toward the mid $30s. God help us (I'm long) if the report is disappointing, but I think there's very little chance of that at this point.