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

To: mcmiller who wrote (8494)	10/3/1998 4:50:00 PM
From: Hardly B. Solipsist	Respond to of 19080

Even better, the San Jose Mercury News picked up this "story" and ran an shorter version (that sounded worse and was harder to check) on the front page of the business section this morning (Saturday).

To: mcmiller who wrote (8494)	10/3/1998 5:01:00 PM
From: Hardly B. Solipsist	Read Replies (1) \| Respond to of 19080

Here is the blurb from the Mercury News. See, it sounds even worse than the article: Oracle warns of future pricing pressure PALO ALTO, Calif., Oct 2 (Reuters) - Oracle Corp. may need to cut prices, particularly in the database software market, because of intense price competition, the No. 1 database software company disclosed on Friday in a regulatory filing.

To: mcmiller who wrote (8494)	10/4/1998 4:57:00 PM
From: lml	Read Replies (1) \| Respond to of 19080

Re: Timing of Release My understanding is that the wire was released at the time stated, but that ORCL's 10-Q was filed at about 3:30 pme EDT. So the "news" was available to the market if "it" was looking. Re: ORCL Announcement ORCL is not speaking in this announcement. No one is quoted. The source of the substance of the is the Company's 10-Q; nothing more. I believe the wire stated "Oracle officials could not be immediately reached to comment." The Issue So the issue is why did Reuters run this wire when in-fact there is nothing new about the pricing risks the Company faces going forward. Did Company management wish to emphasize what had already been stated in past 10-Qs in an effort to highlight a greater risk going forward? If so, than the Company should issue a press release speaking directly to that matter. If not, than the journalist has some explaining to do. Why run a wire that offers no new information? Regardless, unless some clarification is made one way or the other, the market will respond negatively to the wire. First, the market always reacts with a "knee-jerk" reaction (i.e sell, ask questions later). Second, if there is no true change in the Company's pricing outlook, then the wire, if anything, is a haunting reminder of the risks the Company faces going forward. Nothwithstanding the substance of the matter here, the intent is obvious -- to drive down the price of the stock 'Come Monday'(with attribute to Jimmy Buffet).