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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: Lane Hall-Witt who wrote (407)	3/16/2001 12:40:13 PM
From: Dave Gore	Read Replies (1) of 589

Lane, on ORCL, I take a different slant. Because the stock has been so beaten up (kind of like MSFT was last year), I thought the guidance was decent. Remember too that there is demand out there, but many company CFO's and CEO's have temporarily curtailed spending. They will have to loosen up spending sooner or later. The fact that ORCL will do anywhere close to .15eps this quarter with the price where it is makes this a bargain here. I would rather be able to buy ORCL at 13 or 14 with reduced eps quite frankly, because I think it offers more upside when they do turns things around. In other words, I am much less alarmed at guidance when their stock is so cheap, especially when they are still growing the business in such a tough enviroment. There is simply no way you can expect much growth from any company when their clients have temporarily curtailed virtually all spending. I can't blame ORCL for that. The only disappointment I really had was that they did not completely rule out some competitive pressures.

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