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Technology Stocks : Oracle Corporation (ORCL)

ORCL 219.89

-1.3%

Nov 17 3:59 PM EST

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To: hueyone who wrote (17829)	1/15/2003 11:09:09 AM
From: Hardly B. Solipsist	Read Replies (1) of 19079

I don't believe that he was trying to say that it was a big rollercoaster that only went up. I believe that investments in technology can make companies more efficient, but they don't make the environment that those companies operate in less competitive; in fact, I'd say it goes the other direction. Oracle says that it saved a lot of money by using its own software, and "critics" laugh and say that they saved the money on layoffs. But that's completely missing the point. Other than not heating buildings by burning wads of cash, making your employees more efficient is the most reliable way of saving money, and that usually means that you need fewer of them. So if anything, layoffs would be an indication of improved efficiency, although I don't believe that this has much to do with the lost jobs around here (except in the general sense that most of the dot-com companies were a total waste of time, so just having the employees do anything else, including being out of a job, is an efficiency gain).

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