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Technology Stocks : Oracle Corporation (ORCL)

ORCL 136.48

-6.9%

3:59 PM EST

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To: hoyasaxa who wrote (305)	10/11/1996 10:56:00 AM
From: Geoff Trachtenberg	of 19080

I respectfully disagree re: p/e. Look, back when P. Lynch was on the rise the market was at 3000-4000. We are in a different market and so the same rules do not "blindly" apply. For example, P. Lynch says that he would NEVER buy a stock with a higher p/e than 10. Try finding a stock with a p/e below 10!!! Your search will show that Coke, IBM, INTC, GE, etc (blue chips!) all have p/e's anywhere from 40-75 or more! Now our p/e is about 40, that puts us in a very reasonable place I think. However, I do agree, if there is a sell-off we are in trouble. So is the rest of the market. GT

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