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

To: John F. Dowd who wrote (14871)	11/20/2000 10:14:01 AM
From: Scotsman	Read Replies (2) \| Respond to of 19080

I certainly didn't want to come across as sarcastic. I just meant that MSFT may or may not be gaining against ORCL, so if this is a worry purchase some MSFT to hedge. I gave up long ago trying to predict a companies plans as these are kept secret by the upper management, as it should be. LE has a plan to take over the internet apps business at the business level through a system of suites similar to the way MSFT took over the desktop with its suites. If successful it will be extremely lucrative, will provide ORCL with a huge market share, and we will all be very happy. It would also make competition very difficult. However, this is not a brand new virgin field like the PC was. Give Bill Gates his due, he saw the future and planned for it while the rest were wollowing around in the mud. So he made all the right moves at the right time and locked up that huge market. LE does not have this advantage as there are some other players in the way. But he does have large customers and a large company to play with, so we shall see. I believe in the plan and therefore have invested.

To: John F. Dowd who wrote (14871)	11/20/2000 1:50:42 PM
From: lml	Respond to of 19080

JFD: If I may interject, I don't think anyone can give you any fundamental insight as to why the stock drop upon notice of Bloom's resignation. My own take is that the market is an extremely jittery primarily due to the unexpected uncertainty caused by what the Democrats have undertaken in Florida. The uncertainty is NOT limited to whether Bush or Gore will be the next President, but how long this uncertainty will last, how long with the Gore campaign pursue this matter in the courts, and whether some constitutional crisis might arise if he pursues his questionable quest for the presidency much longer in light of electoral college deadlines. Against this backdrop we have seen a market nervous over earnings, inflation jitters, a slowing economy, disappointing numbers from the telco carriers, the telco/network equipment players, and the box makers. IMHO when you apply the political uncertainty to the economic backdrop, the market is more prone to look for excuses to sell rather than to buy. We're on a slope right now and its a lot easier to push someone down than to pull that someone back up to level (headed) ground. In short, the bears or shorts will seize any opportunity to push the market southward regardless of the merits. As far as Bloom, one can EASILY take the bear argument that the ORCL ship is sinking and he's just the canary that smells the poison gas first. I find this ludicrous as anyone who understands how ORCL is run knows very well that Larry and no one else runs ORCL. If this were any other traditional company, that bear argument would have more merit, but this is ORCL; this Larry Ellison's company. Larry has plenty of soldiers to execute corporate strategy. I think Bloom quickly rose to his position because Larry liked him; Bloom knew how to cater to Larry in the manner he liked, yet had the executive skills to implement the vision Larry had set forth. I'm sure there are other seasoned executives at ORCL that are qualified to fill this role. They may or may not be as young or as multi-talented as Gary, but they can do the job. In short, I think it is evident that Bloom had much more talent, and greater aspirations than he could ever achieve at ORCL while Larry is involved in the Company. Gary knew it; Larry knew it. I truly believe that the two men hold great respect for each other, and that over time this move by Bloom will prove to be net positive for ORCL than if he had stayed. JMO.