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

To: Shane M who wrote (9318)	1/8/1999 7:43:00 AM
From: Bipin Prasad	Respond to of 19080

re: PSFT from WSJ, ...... Analysts also speculated that there has been short-covering of PeopleSoft shares, particularly since they didn't drop in sympathy with SAP, which Tuesday preannounced below-expectations 1998 earnings growth. The speculation about IBM's interest in PeopleSoft started Wednesday, leading PeopleSoft to jump 2 1/2, or 13%, in that session. The IBM rumor has been around before, along with speculation that Oracle and SAP are interested in buying the company. IBM and PeopleSoft spokespeople said their companies don't comment on market rumors. Lehman Brothers Inc. analyst Brian Skiba said while the rumor makes strategic sense, he is skeptical that it would happen. First, IBM already has a strong partnership with SAP, an enterprise resource planning -- or ERP -- software company that competes with PeopleSoft, and would not want to put that relationship at risk, Mr. Skiba said. Mr. Skiba said he thinks IBM would be precluded from acquiring PeopleSoft in a pooling transaction. As a result, IBM would inherit as much as $5 billion in goodwill for the company to write off. Poolings don't create goodwill. ...... InSook