Oracle Flying High on Q3 Report: Is Gold All That Glitters?
P.J. Jakovljevic - April 24, 2000

Event Summary

On March 15, shares of Oracle surged after the company plowed past Wall Street estimates and reported strong database software sales fueling a solid third-quarter profit. Shortly after the opening bell, Oracle shares jumped $3.69, or nearly 5 percent, to $80.69, on heavy volume of 12.7 million shares. The company also got an early boost from investment firms, which raised their price targets and earning forecasts following yesterday's strong earnings report...