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


To: mcmiller who wrote (8544)10/5/1998 7:45:00 PM
From: Michael Olin  Read Replies (2) | Respond to of 19080
 
It would have been better (and more responsible) if Reuters noted that this language has appeared in all Quarterly Statements for the past two years. In this market, people are looking for bad news to report and that is what the reporter seized on. This is not news. All oil companies routinely include language to the effect of "if we drill a lot of wells and don't hit oil, the company can go down the drain..." Pharmaceutical companies say "if the drugs don't work, or they start killing people, or our patents are invalidated, we're in deep, deep trouble". This is NEVER reported as news, because it is not (is this rocket science?). It is becoming standard in the software industry to say something like "If Microsoft starts giving away a similar product to put us out of business, they may succeed..." This is to keep the class-action lawyers at bay. IT IS NOT NEWS!!!

-Michael



To: mcmiller who wrote (8544)10/6/1998 9:36:00 AM
From: Bipin Prasad  Respond to of 19080
 
I sent a mail to Briefing.com yesterday for their "news."
Here's their lame excuse:

Subject:
Briefing.com
Date:
Mon, 5 Oct 1998 15:25:38 -0700

For ORCL, perhaps what we should have
said is that these comments were going
to push the stock price down regardless
of what we said. This was in the market
before our comments. It is true that
ORCL has said this before, but please
also note that the 10/15/97 comment
also preceeded a very difficult time
for ORCL. In this case, the fact that
they said it before may not be such a
good thing. Remember, in November of 1997,
ORCL stock tanked.

Briefing.com


InSook