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Technology Stocks : How high will Microsoft fly?
MSFT 492.06+0.2%3:59 PM EST

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To: Brian Sullivan who wrote (50546)10/4/2000 1:08:28 PM
From: The Duke of URLĀ©   of 74651
 
Bob, Do you think that you can say the same about SUNW at this time. Have you seen ORCL this week. How much longer do you think SUNW will keep sporting a forward PE of 65. >

About 1/2 the good services list the current pe of orcl at ~29.

This discrepancy arrises, if memory serves, because of the treatment of the sale of 12% of Oracle Japan, that was required under Japanese Law. If the rest of OJ were sold, it would represent either a substantial reduction in the P/E to about what, 2? or a substantial CASH value distribution.

IF this is correct, then it should be contemplated in discussions of future p/e's
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