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Technology Stocks : Oracle Corporation (ORCL)
ORCL 210.67-6.6%Nov 20 3:59 PM EST

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To: JSwanson who wrote (17523)9/13/2002 12:00:24 AM
From: alburk  Read Replies (1) of 19079
 
<<Using the consensus FTM EPS, one arrives at a P/E of 22.9x.>>

Agree at current price. I was referring to the P/E at BAC's target price of 13. Approximately 30. That's a hefty P/E given BAC's cautious outlook.

Anyway, just think it's flaky that these analysts are still throwing out targets like this (very optimistic) without any justification. FY'02 .41A, FY'03 .42E--no growth there? So, I guess BAC expects strong growth (25% plus) after FY'03. If that's the case, why don't they say it. (eg: "While our FY'03 estimate does not reflect growth implied by a 30 PE, we expect...blah, blah, blah..."}.

Same old BS. Flakes.

Andy

PS Would love to see that kind of growth materialize.
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