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Technology Stocks : Oracle Corporation (ORCL)

ORCL 219.89

-1.3%

3:59 PM EST

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To: hueyone who wrote (17860)	1/17/2003 1:37:09 AM
From: Hardly B. Solipsist	of 19079

Yes, I agree with his points. Another thing that I like about this business is that software is in its infancy. In the time that I've been a programmer I've gone from being cramped by big machines to having trouble making use of the resources on $1K home machines, so there is enormous unused (and growing) capacity. And even when software development becomes more mature (we're barely in our infancy, in my opinion), there is what appears to be a near infinite backlog of demand. I think that the demand for software is more elastic than the demand for entertainment, and I don't see that industry reaching saturation any time soon. This isn't to say that the market for specific kinds of software, such as databases, won't mature in the not too distant future. But software companies that don't stagnate will have plenty of growth opportunities until long after I'm dead.

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