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

To: Hardly B. Solipsist who wrote (10692)	5/13/1999 12:46:00 PM
From: Mark Palmberg	Read Replies (1) \| Respond to of 19080

Oracle Corp. (NASDAQ:ORCL - news) , however, fell $2 to $23.31 and is the heaviest volume mover this morning, amid reports on CNBC that at Oracle's analyst meeting today, Oracle will preannounce earnings and say 1999 estimates are too high. CNBC also said that Morgan Stanley cut its revenue forecast by $100 million and reduced earnings estimates for the first quarter to $0.30 per share, from $0.34. For the full year, estimates were reduced to $0.95 from $1.01 per share. Oracle, along with Sun Microsystems (NASDAQ:SUNW - news) and Scientific-Atlanta (NYSE:SFA - news) is expected to benefit from AT&T's agreement to install Microsoft software in TV set-top boxes. William Epifanio II, a J.P. Morgan analyst noted in a May 11 report that he sees some negative signals that could indicate a weak fourth quarter. He noted continued ERP market weakness, customer confusion over Internet Computing, and expected sales weakness. 'We believe this top line weakness could lead to profit consequences,' added Epifanio.