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Technology Stocks : Oracle Corporation (ORCL)
ORCL 197.49+1.1%9:30 AM EST

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To: Dave Gore who wrote (14889)11/20/2000 3:47:39 PM
From: WTSherman  Read Replies (2) of 19080
 
<PE 26; look at the top line growth.<

Better check your figures. P/E is more like 80...

Earnings last quarter were .08 and were the highest in the company's history. Expectations for next year are .45-.50 and for 2002 are .55-.59

The high P/E is why any sort of bad news(whether its meaningful for the company's long term) has such a dramatic effect.
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