Oracle Uplift Helps Nasdaq Halt Nosedive. (20-JUN-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Oracle Uplift Helps Nasdaq Halt Nosedive.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 20-JUN-01

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Byline: Judith Schoolman

Jun. 20--Better-than-expected results from software heavyweight Oracle helped break a seven-session Nasdaq losing streak by the slimmest of margins yesterday, but an after-hours warning from a big telecom equipment maker could kill any enthusiasm.

After late Monday's upbeat outlook from Oracle, its stock soared almost 13 percent yesterday, or $1.92, to $16.76.

"The Oracle announcement gave the market a significant sigh of relief," said John Zimmerman, senior market strategist...

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