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Technology Stocks : Oracle Corporation (ORCL)
ORCL 189.97-4.5%Dec 12 9:30 AM EST

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To: Lizzie Tudor who wrote (8287)9/11/1998 2:43:00 PM
From: MeDroogies  Read Replies (1) of 19080
 
I know what you're looking for, but 20% growth is not bloody likely for ORCL....and other competitors aren't going to get it, either...unless they are so small they can go from 1000 licenses to 1200.
I firmly believe 13% is EXCELLENT, considering most people were expecting flat to down #'s. Plus, the sale of apps is NOT the engine of "growth" it once was meant to be. ORCL will be getting ever greater shares of their revenue from other peripheral sources, in particular service, as time goes on.

Look, they've beaten estimates 3 quarters running. Anyone who is bearish on that kind of information has got to have a screw loose.
Ever since the Asia situation was dealt with, ORCL has been on a supposed decline. Au contraire, we now realize. ORCL is healthy, wealthy, and a hell of a lot wiser than its competitors....who are only now living up to the Asia problem.

How do you justify a 26 PE in this industry? It should be considerably higher.
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