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

To: Bipin Prasad who wrote (10007)	3/13/1999 3:11:00 PM
From: Sonki	Respond to of 19080

everyonne down graded orcl except PRU !!! stock can only go up from here..! Merrill Lynch said it had cut its rating on ORACLE CORP to intermediate accumulate from intermediate buy, while keeping its long-term buy rating for the database software company. Further details were not immediately available. Late Thursday, the company reported a 36% earnings gain in its fiscal 3Q, compared with the same period a year ago. Analysts were nevertheless concerned about weaker-than-expected revenue growth. (Reuters 09:45 AM ET 03/12/99) * Warburg Dillon Read and NationsBanc Montgomery Securities cut their ratings on the shares of ORACLE CORP to hold from buy. Warburg analyst Andrew Roskill said the results were below expectations with respect to growth rates for both total revenue and software license revenue. (Reuters 11:43 AM ET 03/12/99) * The shares of ORACLE CORP plunged after the No. 1 maker of database software suffered severe weakness in many of its core markets in its fiscal 3Q, which it reported after the close of trading on Thursday. But, analysts said, results in two of Oracle's main businesses, database and applications software, were weaker than analysts and investors were expecting. "A lot of people had much higher expectations and they (Oracle) failed to deliver," said Gary Abbott, an analyst at Punk, Ziegel & Co. "It was an uninspiring quarter." At least three brokerage firms downgraded Oracle shares in the wake of the earnings report. (Reuters 12:21 PM ET 03/12/99)

To: Bipin Prasad who wrote (10007)	3/14/1999 6:03:00 AM
From: Terr	Read Replies (1) \| Respond to of 19080

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