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

To: Philip W. Dunton, Jr who wrote (10742)	5/14/1999 10:39:00 AM
From: Mark Palmberg	Respond to of 19079

Morgan Stanley downgrade yesterday was obviously a situation where an analyst was trying to look like a hero. He was out front and he ends up looking like a chump. I think it's still too early to say. He may look like a hero yet. From what I've been reading, no one expects Oracle to get their props for at least a year, which as you know is an eternity in the tech sector. Mark

To: Philip W. Dunton, Jr who wrote (10742)	5/14/1999 10:40:00 AM
From: Jesus A. Castillo	Respond to of 19079

Chuck Phillips at MSDW cut earning estimate but did not downgrade ORCL yesterday. ORCL no different today than it was a few days ago, but... Personally, I think that ORCL recovers a bit leading up to the earnings announcement; then gets hit with summer slowdown and Y2K reality through next February. Then a pick up towards the end of the fiscal year in May 2000. JMHO

To: Philip W. Dunton, Jr who wrote (10742)	5/14/1999 10:43:00 AM
From: Edwarda	Read Replies (2) \| Respond to of 19079

Just for the sake of clarity, the Morgan Stanley analyst did not downgrade the stock yesterday. He reduced his estimates from 34 cents for the fiscal fourth quarter to 30 cents, bringing his full-year estimate to 82 cents from the previous 86 cents. His estimate for fiscal 2000 is now 95 cents vs. the previous estimate of $1.01. The reduction in estimates reflects his modeling slower revenue growth because of the mix shift in revenue away from back office apps and client/server technology and toward e-commerce, customer relationship management, supply-chain management, etc. He simply pointed out that it will be difficult during this transition for the company to post a 65% revenue gain this quarter. [Edit: Sorry, Jesus, did not see your posting before this one.]