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

To: lml who wrote (8192)	9/10/1998 8:10:00 AM
From: LarryX-Man	Read Replies (1) \| Respond to of 19080

U.S. Stocks in Europe: Chase Manhattan, P&G, Oracle, Xerox Bloomberg News September 10, 1998, 3:06 a.m. PT London, Sept. 10 (Bloomberg) -- Following are current prices in London for shares of U.S. companies, according to Madoff Securities International Ltd. The stock symbol is in parentheses after the company name. Prices are in dollars. Chase Manhattan Corp. (CMB US) dropped 1/4 to 44 1/2 as bank shares extended yesterday's slide after Merrill Lynch & Co. said it lost $135 million trading bonds in July and August, eating into third-quarter profit. Among other banks, Citicorp (CCI US) dropped 5/16 to 93 and American Express Co. (AXP US) fell 1/4 to 76 7/16. Oracle Corp. (ORCL US) was unchanged at 21 13/16, while trading in Standard & Poor's futures contracts point to a 72- point drop in the Dow Jones Industrial Average later today. Chairman and Chief Executive Larry Ellison said the No. 1 maker of database software ''did just fine'' last quarter, buoyed partly by strong demand for its database software. The company reports its fiscal first-quarter earnings after the close of U.S. trading today. Procter & Gamble Co. (PG US) fell 1/2 to 71 3/8 after the top U.S. maker of consumer goods warned fiscal first-quarter earnings will be less than expected yesterday. Its shares fell 9.7 percent yesterday. Xerox Corp. (XRX US) dropped 1/4 to 90 7/8. The world's largest computer maker and copier maker today will unveil a partnership with International Business Machines Corp. (IBM US) as the seek to dominate the market for systems that manage paper and electronic documents. IBM lost 1/4 to 123 9/16. --Nicola Hobday in the London newsroom (44 171) 330 7636 (lk)