Commentary: Oracle pendulum swings back too far

Summary:COMMENTARY--Dear Oracle shareholders: Thanks for overreacting to today's downgrade by Lehman Brothers analyst Neil Herman. You've done a smashing job so far.

COMMENTARY--Dear Oracle shareholders: Thanks for overreacting to today's downgrade by Lehman Brothers analyst Neil Herman.

You've done a smashing job so far. Oracle shares were down more than 9 percent an hour after the regular session opened this morning, after Herman's report was released.

Some of your sell-off was probably tied to the general market downturn today. After all, the Nasdaq composite index has fallen almost 4 percent as we speak.

But let's be honest. You folks used Herman's report as an excuse to cash in after watching your stock rise steadily for several sessions. Read the column. --Sergio G. Non, ZD Inter@ctive Investor

Topics: Oracle, IT Employment

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