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

To: ChrisJP who wrote (6777)	4/5/1998 9:17:00 AM
From: Jimmy Dell	Respond to of 19080

Chris, I agree 26 would be a bargain - I don't think it will happen soon, but I can certainly see why those who aren't in the stock may hope for it. Certainly it would not fall there because of what the Fools wrote. They said basically that "rumor has it that ORCL met with analysts on Thurs. and that contributed to the fall". The real news on this is the Dow news story which came out during the trading day on Fri. and which the mkt had a chance to react to, and which presents a balanced, informative view. Someone posted it earlier here, I'll repost it. I don't know why the Fools based their statement on "rumor". The Dow story had been long out. As to ORCL having been too toppy, I think the fall last week was way above and beyond what was due for a toppy stock and above what was due from the late-week news. I believe this is the point we bounce from, not 26, if the overall mkt is good early next week. Oracle Says Sales-Force Reorganization Could Disrupt 4Q By Mark Boslet PALO ALTO (Dow Jones)--Oracle Corp. (ORCL) said a continuing sales-force reorganization could have an impact on its usually strong fourth quarter, said analysts who attended a meeting with management late Thursday. But the database maker said it expects a new version of its applications software - release 11.0 - to come out in late April or early May, according to accounts of the analysts' meeting held in San Francisco. The release could stimulate sales in this segment of the Redwood Shores, Calif., company's business. Oracle has been reorganizing its sales force to simplify its structure and to create product specialists. That reorganization could cause some disruption to the quarter, analysts describe the company as saying. But many expect cost cutting will blunt its impact on earnings, and their earnings estimates were left largely untouched. At the meeting, the company also confirmed that Chief Executive Lawrence Ellison has assumed operational responsibilities for the company's applications business. A company spokesman couldn't be immediately reached for comment. Oracle shares were off recently 1 1/2, or 5%, at 28 5/8. Nasdaq volume was 17.6 million shares compared with average daily volume of 12.6 million.