Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.52

+4.7%

Jan 9 9:30 AM EST

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To: thesmay who wrote (14879)	11/20/2000 11:14:01 AM
From: WTSherman	Read Replies (2) of 19080

<On ORCL earnings, on the last CC LE said he was comfortable with all of 2001 estimates. That is either real confidence or classic LE bravado. < A few thoughts... Today's selloff seems an indication to me that there are a lot of shareholders(especially institutions) looking for an excuse to sell. Lots of worried people out there. ORCL still has a very high P/E for its growth rate. This leads to a lot of fear and paranoia. Price may rebound this week, but, I don't think it is a long term sign for the stock. Regarding LE's comments about next year's earnings. I would take that kind of comment with many grains of salt. Given the fact that the macro economic trends are very murky there really is no way to know what their earnings are going to be like. If the economy has a "hard landing"(as many think increasingly likely and performance of the bond market seems to be predicting) then corporate spending on IT will shrink and everyone dependent upon it will suffer while downturn lasts.

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