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

To: James B. Andrews who wrote (9579)	2/11/1999 12:09:00 PM
From: William F. Wager, Jr.	Respond to of 19080

OK James...here's something to ponder from TSC re: GS Tech Conf.... Goldman Sachs Conference: Oracle Aims for Net By Medora Lee and Amy Olmstead Staff Reporters 2/10/99 6:52 PM ET As if the .com mania wasn't bad enough, now respected companies want to join the party. Goldman Sachs analyst Rick Sherlund summed up Oracle's (ORCL:Nasdaq) presentation at the Goldman Sachs Technology Investment Symposium Wednesday when he said, "we may have to turn over Oracle to our Internet research group by the sound of this." How true. Oracle CFO Jeff Henley and global marketing chief Mark Jarvis touted, yet again, the software company's Internet vision. "There's a major shift in platforms towards the Internet," Jarvis said. "So far, it has only had a major impact on consumers but we believe next year, the Internet will have a major impact on businesses." And when it does, Oracle will be right there to help businesses move online with the new Oracle8I database and the company's new Web-enabled applications that only require users to have a browser on their desktops. Though the message has been the same since late last year, Oracle still drew a standing-room-only crowd. Amazingly though, among the fund managers interviewed, most were not holders of Oracle stock, or only had very small positions. Earlier this month, Oracle shares hit a record high of 61 3/4. Wednesday it finished 53 11/16, down 15/16. "I don't own any Oracle," said one Connecticut-based portfolio manager. "I just went to see if they'd say anything new. When they didn't, I left about halfway through." However, Oracle convinced someone today -- but not at the conference. Salomon Smith Barney analyst Neil Herman, who has remained cautious about Oracle even through its last surprisingly strong earnings report, upgraded Oracle to a buy from neutral. "We believe that the Internet and e-commerce-related infrastructure software sales are breathing new life into Oracle, and most importantly, significant incremental database revenue opportunities," he wrote in a report.