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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Marq Spencer who wrote (14126)	7/3/2000 12:24:24 PM
From: Hardly B. Solipsist	Read Replies (1) \| Respond to of 19080

I don't think that Lane's departure is that big a deal, but if you are expecting 20% growth, then 60 might not be a bad guess. However, I think that you will find the next couple of earnings reports quite painful...

To: Marq Spencer who wrote (14126)	7/3/2000 4:23:59 PM
From: lml	Read Replies (1) \| Respond to of 19080

Marq, below are some of your recent statements here: I think that the stock is way overpriced. Have been thinking that for the past few months. . . I expect to cover at $60 within the next 60 days. I also believe that Ray Lane was the reason that many on Wall St. felt comfortable with Oracle. They all think that Larry is a loose cannon and that Ray could keep the company on track while Larry did the vision thing. They all think that Larry is a loose cannon and that Ray could keep the company on track while Larry did the vision thing. I'm man enough to admit I make mistakes. Its obvious, Marq, that your a individual of personal conviction. You form your opinions, but come here to the ORCL thread to reiterate them for your own self assurance. I feel compelled to respond because all I read in your post here is "I . . . I . . . I" with little, if any, analysis that would lead another to come to the same conclusion, rationally, that is. Instead, you come here with a predisposition against the stock, and appear to want other to share your view. The fact of the matter is many here, and elsewhere, like the market for example, don't share your view. Have you ever paused to think why? Though you're "man enough" to admit you make mistakes, such self-effacing attribute goes nowhere in allowing you to avoid making the same mistake again in the future. I think it would be better not only to admit past mistakes, but also to learn from those mistakes. Judging from your comments here, it appears that you like to form your conclusions first, then look to supporting data or sentiment to support your position. In contrast, I believe the more effective process is to first weigh ALL the data and sentiment out there, and use whatever skills you happen to have to come to an informed, balanced conclusion of where things might be added for a particular stock, sector, stock market index or whatever. You seem so sure of yourself, so convinced that your hypothesis is correct that in one way tells me at least that while you admit to making mistakes in the past, are doomed to repeat them. No investor can be certain of any formulated outcome on an investment to not continually evaluate one's position as new data becomes available. And based upon today's data, sentiment, facts, your position is quite in the minority, and IMHO, ill-supported by a weighing of all the facts. Remember, for every negative you find on this stock, I am sure you can find twice as many positives. The backlog for ORCL's business is stronger than ever with or without Lane. You seem to discount this, or not even acknowledge it. You focus of PE based upon trailing earnings, but give little credence to forward-looking projections. You think much of Wall Street shares your distaste for Larry Ellison, but IMHO all the Street really cares about is numbers and performance, and that is what ORCL has got. I guess we will here from you in 60 days. Or maybe we won't. Until then.