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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: frank doolittle who wrote (11881)	9/15/1998 9:15:00 PM
From: Rusty Johnson	Read Replies (1) \| Respond to of 14631

SmartMoney Interactive ... HOW LONG CAN ORACLE'S GOOD NEWS LAST? "All-Star" (?) analyst Melissa Eisenstat Melissa Eisenstat, (aka "the waffling flip flopper") a Wall Street Journal All-Star analyst from CIBC Oppenheimer and one of those upgrading (Oracle) stock. Others were less kind. "To be perfectly blunt, I was underwhelmed," says Bert Hochfeld of Josephthal. "I don't own software companies that have that level of license growth." Hochfeld is also discouraged by the decreased spending that helped the company beat analysts' numbers. "Database sales are always going to be correlated with capital spending," he says, noting that cuts today could mean lost revenue down the road. But Eisenstat is encouraged, at the very least, by the recent pickup in database sales. The 17% increase for the quarter is a slight rise over the 13% jumps in the previous two periods. It also comes at a time when most people were predicting drooping sales. "I'm comfortable that the database business is looking better," she says. smartmoney.com Not that her word means anything to me. Look for her downgrade on Oracle next week. Best of luck.