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

To: Jeffrey Chan who wrote (7459)	6/17/1998 5:00:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 19080

Instinet traders are burned so frequently that they are pretty careful what they do. In my experience, best indication that after hours trades immediately after earnings give is general direction to expect, although this doesn't always hold true either. sf

To: Jeffrey Chan who wrote (7459)	6/17/1998 5:01:00 PM
From: HammerHead	Read Replies (3) \| Respond to of 19080

The stock was halted, so tomorrow will be a big day followed by analyst's upgrade. Remember there're lots of "hold" ratings now.

To: Jeffrey Chan who wrote (7459)	6/17/1998 5:05:00 PM
From: RDH	Respond to of 19080

I'm not much concerned about what it does tomorrow -- looking forward to the next several years -- should be good or even very good. Take a look at this financial information, pretty good considering the trouble in Asia. Imagine what will happen, six months to twelve months from now as Asia beings to regain its financial health. Take a look at A/R assets as a part of revenue. In 1997 it was around 27%. For 1998, it is 26%. This is a good sign, particulary when one considers that it must be harder this year than last to collect from companies in areas that are not doing so well (geographical areas as well as industry areas). You have to like this investment -- this is a large company -- 2nd largest software company in the world, but at a decent PE in relation to growth (take a look at #1 MSFT, for example). What with database revenue from the increasing number of non-pc devices needing databases, I think this investment makes a nice core holding, with some risk but not as much as Wall Street seems to currently believe. - RDH

To: Jeffrey Chan who wrote (7459)	6/17/1998 6:25:00 PM
From: jack wuo	Read Replies (3) \| Respond to of 19080

you will see $45 very soon.

To: Jeffrey Chan who wrote (7459)	6/17/1998 9:03:00 PM
From: username	Respond to of 19080

Jeffrey, Steve is correct. You can't get much of a clue from after hours trading. ORCL traded in the 26 range right after the announcement and then backed off, but you can't draw a conclusion from a few trades. More important is the fact that the tech fund managers have cash that they need to spend before July 1st, and they want a company that looks like a good value, with good fundamentals. ORCL has shown that they are working hard to turn things around, and the numbers prove it. There is only one stock in this particular area that looks really good right now, and this is it. The fund managers may wait for a week, but this stock will go north fast before July 1, IMHO. The shorts will get squeezed out at some point. (Look at ASND and what happened when they beat their number in January. I think this is a similar scenario.)