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Technology Stocks : Oracle Corporation (ORCL)

ORCL 191.97

+6.6%

Dec 19 9:30 AM EST

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To: Tech Master who wrote (6629)	4/1/1998 2:51:00 PM
From: Adam Nash	Read Replies (2) of 19080

OK, so to start off, I am long Oracle. Yes, I bought it way too high (last summer 36, split-adjusted). However, I'm still very bullish about their place in business, and the leverage they have going into new products/markets. Anyway, I'm a little disconcerted about all this talk of Oracle at 45 by the end of the year. How would that be justified? With current earning estimates and growth, I'm actually expecting Oracle to return to its typical P/E 30-35, which might push it to the mid-30s. Are you actually expecting that great an earnings leap? Or are you expecting just P/E expansion based on new opportunities? Or just over-reaction the other way? I bought Oracle because I truly believe that they will grow strongly into the next decade. I wanted a stock that I would be happy with in 2005. I am worried about MS competition long-term, though.

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