I don't dispute anything you posted and I hope you are correct but ORCL has a long way to go to prove that it is in the same league as GE. That being said, I believe my ORCL position will continue to grow in the years to come. I was only pointing out one poster's sarcastic response, which Bipin or Insook apparently did not grasp, and the fact that I don't believe the Oracle/Fairchild analogy applies.
The simple fact is that ORCL, as with many other tech companies, had been priced for perfect execution and opportunities going forward. When any news that is contrary to the perfect scenario hits, investors with shorter investment horizons bail on the stock(s). Management leaving, weakness in other areas of of the tech sector, weak demand in the economy, lower consumer confidence, etc. all play a role in tarnishing investor expectations. Management leaving ORCL is just one of the pieces of the perfect scenario puzzle that are now missing.
Management changes by themselves shouldn't be that disruptive to a company the size of ORCL but when taken together with what is going on the tech market right now the cumulative effect to the stock price can, and has been, very significant.
JS |
