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

To: lml who wrote (9530)	2/5/1999 5:06:00 PM
From: Dennis	Read Replies (1) \| Respond to of 19080

After hours we are up..........YES......the rally has started. gg Have a great weekend everyone !!!

To: lml who wrote (9530)	2/7/1999 9:38:00 PM
From: Sonki	Respond to of 19080

some of the news in this article and even the target price of orcl is old info. since i belive target on orcl is much higher from here... but good for any new investor needing info. Oracle is the leading developer of database management system software, which lets multiple users and applications use the same data at the same time. Its flagship database software runs on everything from notebook computers to mainframes. Oracle8, a faster, more flexible version of the firm's database software, provides support for a system of network computers – stripped-down, low-cost computer terminals operated through a control server. Oracle also makes application development productivity tools and computer-automated software engineering products, among others. ORCL gapped open on Tuesday in reaction to the IBM announcement (see below). After setting a new 52 week high early on Wednesday, it traded down for the rest of Wednesday and Thursday on what looked like profit taking. It then bounced nicely off of its 10 day moving average on Friday. Since late November, ORCL has been getting a little ahead of its 10 day moving average, then pulling back to it, all in a nice upward trend. Last week this movement was a little exaggerated with IBM announcement, but ORCL might be a good candidate for some target shooting around its 10 dma. In the news last week, ORCL announced that it is teaming up with IBM to offer its software on IBM hardware. The offering will be targeted at manufacturers and will be available sometime during the 1st quarter. It will feature ORCL's manufacturing and financial applications running on IBM's Netfinity and RS/6000 servers. In other news, Morgan Stanley raised their price target for ORCL to $58 and maintained its outperform rating. Tuesday's update ORCL $52.88 +1.81 (+3.00) We said ORCL might be a candidate for some target shooting around its 10 day moving average, but it hasn't been anywhere near it this week. It was good to see ORCL move through $52 today. It had been having some trouble with this level. In the news, ORCL announced new software for oil exploration and production companies. It will allow oil industry co-venture partners and newly merged oil companies to share information and monitor asset performance asset performance quickly, easily and collaboratively. The oil industry can use all the help they can get given the low price of oil these days. The new software uses ORCL's new Internet database - Oracle8i. comments Closing near it's high for the day, ORCL is only 1 point away from it's 52 week high. Showing consistent gains both Monday and Tuesday, this software company is looking strong with a close above the $52 level (as mentioned above). With strong option volume today, investors are looking for ORCL to climb higherIf the tech rally continues, the over used cliche "the sky's the limit" just might come true i thnk sky maybe at 86.