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Technology Stocks : Oracle Corporation (ORCL)
ORCL 239.27-1.9%Nov 7 9:30 AM EST

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To: BrokerG who wrote (18681)11/23/2004 8:14:12 AM
From: alydar  Read Replies (1) of 19079
 
Yes, the current price, imho, reflects orcl's effort to swollow up psft. Orcl's p/e lags behind msft, sap, psft, and every other software mfg. so there is probably some negative effect. The most important thing now is for orcl to have good earnings this quarter. I have not seen any channel checks yet.

The stock should pop on good earnings, a market shift towards the orcl platform, and the eventual takeover cloud. Unfortuneatly, the takeover cloud might not be lifted until April 2005.

Alydar
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