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Technology Stocks : Oracle Corporation (ORCL)
ORCL 217.53-4.2%Nov 13 3:59 PM EST

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From: ge7/16/2003 12:50:17 PM
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When you consider that most top techs are trading at or near the top of analyst projections, it would take very little to move ORCL from 12.60 to its projection price of 17 to 18. If the merger failed, the stock price would quickly move up to meet the P/Es of other stocks in the sector. The options issued at this time and at 12.60 were nothing more then a giveaway, considering that an event (failed merger) which would prove management ‘s incompetence to do the deal, would also put money in their pockets.
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