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September 7, 2004 Stock Pick: Oracle Corporation (ORCL)

Stock Price: $10.03

Oracle Corporation is the world's largest enterprise software company. The company has been trying to takeover rival PeopleSoft since June 2003.

A court decision is near in deciding whether Oracle will be allowed to continue with its hostile takeover of PeopleSoft. The combination of the two companies would create a duopoly between Oracle/PeopleSoft and SAP. If the takeover is allowed to take place Oracle shares will benefit in the long run and PeopleSoft (PSFT) in the short-term.

Oracle reports Thursday and is expected to release comments and costs regarding its takeover bid. Thursday could move the stock in either direction, but in the long run ORCL should only climb from this level.

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