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


To: Tech Master who wrote (6830)4/6/1998 11:08:00 PM
From: Kevin Yang  Read Replies (1) | Respond to of 19080
 
Morgan Stanley has maintained their Outperform rating on Oracle. They have a price target of 34 on the stock.

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CFO HENLEYS COMMENTS
Source : Morgan Stanley, 4/3/98

"Not out of the woods yet on license growth, but lots of good things are happening for F99 - The CFO sounded more confident about earnings than license revenue growth and wanted to keep expectations in check. He said he was cautious on 4Q license revenue because they had some help from deals that spilled over from 2Q that helped 3Q. Also, the final changes to sales organization will happen in 4Q. The changes are good and he's excited about them but any small change to the salesforce carries risk."

Morgan Stanley has maintained their Outperform rating on Oracle. They have a price target of 34 on the stock.

-http://boards.fool.com/registered/Message.asp?id=1200045000240000&sort=postdate