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Technology Stocks : Oracle Corporation (ORCL)
ORCL 142.82+4.6%Feb 6 9:30 AM EST

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To: who wrote ()9/27/1996 12:46:00 PM
From: Loss Master   of 19080
 
The wife works in ORCL's client service/returns group and says that overall business is booming there. The constant positive buzz around the firm is the same as always.

Note also that the place is packed full of young managers who've been buying stock via ESOP and have substantial worth now. Whenever the stock tanks (look at the chart - there've been at least 2 major dumps in 2 years) people run around like paranoid idiots thinking it's all over. I don't know what to make of that. Maybe it's good - they'll work hard to stay on top?

Overall, though, I can't help but feel that I should be shorting. The P/E is insane given their market cap, they've never disappointed on earnings (just wait until it happens -- look out!), the bulk of the firm is very young and needs adult supervision (it looks like a college campus, sans the skateboarders), and it's a socialist company to boot (low pay but you get a great gym, subsidized salmon for lunch, a huge Xmas & summer party, etc.). So who's with me?!
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