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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: GregS who wrote (6676)3/1/2001 9:29:54 PM
From: Jane4IceCream  Respond to of 19633
 
ORCL...looks like Ellison cashed some of his chips at the right time back in January:

biz.yahoo.com

Jane



To: GregS who wrote (6676)3/1/2001 10:00:39 PM
From: Street Hawk  Read Replies (1) | Respond to of 19633
 
ORCL's P/E is NOT 16.

It just reported that it would come in around 10 cents for the quarter. The consensus(pre-blowup) earnings estimate for FY01 ending May 01 was .52. Dividing 17 by .52, I don't get 16. Not even close. I get a P/E of 32+ based on earlier estimates which were TOO high.


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