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


To: Tech Master who wrote (6818)4/6/1998 6:33:00 PM
From: Zoro  Respond to of 19080
 
Apr 06, 1998 (5:59 PM ET) - The Motley Fool Evening News

Software maker Oracle (Nasdaq:ORCL - news) continued falling today, dropping $1 to $27 1/8
after losing nearly 7% on Friday following the company's warning on fourth quarter growth. At a
meeting in San Francisco Thursday, the company told analysts not to expect growth rates to match
those of last year and said it is working to increase sales of its applications software where it lags the
growth rivals SAP AG, Baan Co. (Nasdaq:BAANF - news) , and PeopleSoft (Nasdaq:PSFT -
news) . While its competitors' applications software sales have been growing at 60% rates, Oracle's
sales rose 30% last quarter. Oracle will need to see continued growth in applications to fuel its
performance in 1998. However, the fact that total applications revenues grew 51% in the latest
quarter (services and license) is a good sign.



To: Tech Master who wrote (6818)4/6/1998 6:33:00 PM
From: John T. Hardee  Respond to of 19080
 
After market buying still holding at 27 1/8 with last two sales were buys = vol 4000 shares.



To: Tech Master who wrote (6818)4/6/1998 6:40:00 PM
From: James Song  Read Replies (1) | Respond to of 19080
 
It is not in the news yet, but reported by the Motley Fool that ORCL had given a warning of fourth quarter growth. I wonder if it is ok for the company to warn only analysts, not rest of investors.

If the report were true, I would be really amazed by how ORCL discriminates investors.

I actually doubt that the meeting took place on last Thursday.