Images not displaying when selecting it from real table

Question

Case is, I have some HTML in a table, help texts for that matter. It has some images in it defined like that:
... <img src="&COMPANY_IMAGES.picture.gif"> ...
But the &COMPANY_IMAGES. substitution does not take place. When testing, I found out that
select '&COMPANY_IMAGES.<br><br>#COMPANY_IMAGES#' as working
, col as not_working
from TEST_TABLE where ID = 1
working column had both strings replaced, while not_working had not. Now the question is, whether this is an intended behaviour or not? I got my report working with the workaround of
select replace(col, '&'||'COMPANY_IMAGES.', :COMPANY_IMAGES) as col
from TEST_TABLE where ID=1
but I would like to know the exact limitations to know while planning ahead not discover afterwards... Or is there a better way to get them substituted from db columns (without the replace)?

Answer 1

Kaja,
Looks like intended behavior to me. There is no reason for the engine to do substitutions on data you select from a table. Your method should be fine.
Scott