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

To: SCourt who wrote (6565)	3/25/1998 12:59:00 PM
From: LWolf	Respond to of 19080

SCourt - Managing Wall Street I've came to conclusion that half of the CEO's job is to manage the company and the other half is to manage Wall Street. Those companies that are most successful with Wall Street are those that set conservative expectations and then give positive surprise. Look at MSFT, CSCO, as cases in point. I've watched company after company report great targets, set high expectations, and then disappoint, or they over react to a situation and sound as if the sky were falling in. The analysts and fund managers, needless to say, do not react well. Their jobs are on the line for performance and when they have HUGE positions that aren't making it their reaction is merciless. They won't stand for disappointments. It's just the name of the game and I don't understand why more CEO's and companies have not tuned into this fact. The other point is perhaps not what you say, but how you say it. To some extent I wondered if Oracle used Asia to camouflage their own internal restructuring problems, which caused a more violent reaction than if they had minimized Asia like CSCO and MSFT did. Someone from their financial organization or investor relations should be watching WallStreet and coaching these guys for their own good. Laura >>>In a recent interview with Lane, he stated that Oracle could have very easily chosen the quarter before last to realize earnings that would have presented a better EPS to Wall Street and thus saved the horrific downslide in stock value. I don't think Oracle expected the reaction to be so violent.<<<

To: SCourt who wrote (6565)	3/25/1998 1:44:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 19080

Doesn't this sound close to stock manipulation? Does this mean CFOs can legally hold back reportable profits, announce a bad quarterly, let some insiders buy in, and then put out a "recovery" report. How much accounting latitude do these guys have? >>In a recent interview with Lane, he stated that Oracle could have very easily chosen the quarter before last to realize earnings that would have presented a better EPS to Wall Street and thus saved the horrific downslide in stock value. I don't think Oracle expected the reaction to be so violent.<< Frank