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

To: Jazz102 who wrote (9394)	1/22/1999 9:26:00 AM
From: Michael Olin	Respond to of 19080

The "elusive set-top box" had nothing to do with Oracle's slide. They missed their earnings target in December 1997 and were punished for it. I made one attempt at trying to get the timing right on Oracle. I got in at 10 and change in late 1991 and out at 18 in early 1992. I should have just sat on my investment. I got back in right before the next split was announced and have been sitting back and watching ever since. All hell breaking loose was when Oracle had to deal with accounting irregularities related to when they booked income in the late 1980s. This past year was nothing compared to that roller coaster. Now that the internut bubble is starting to implode, I expect that some of the investors who haven't lost their shirts will realize that Oracle is a "real" company that is positioned to enable e-commerce, has significant revenues and (surprise, surprise!) makes lots of money. I'm not looking for Oracle to be run up to $200 (I would probably take the money and run long before it got there) anytime soon, but the stock is just about set for another 3:2 split and a quick internut-fueled post-split run would be nice. Hey, stranger things have happened. -Michael