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

To: michael97123 who wrote (15390)	3/1/2001 10:27:52 PM
From: trilobyte	Read Replies (1) \| Respond to of 19079

I agree. The street played this one as if it was going to preannounce badly. They dumped the stock in anticipation. Now we have a very small miss, only 2cts, and far from a disaster. ORCL is a very healthy company that is very well positioned. I think at worse, we'll see 45cts/share this year 8+11+10+16 (Q4 is always their strongest and analysts now have it pegged at 20cts). So 20$ is a p.e. of 44 --not exceedingly high considering we're in a bad downturn. My guess is for a relief rally tomorrow in ORCL. That's what's been happening to alot of stocks lately. What continues to puzzle me is why investors don't step up to the opportunity: how often does one get to buy quality companies at the low prices we are witnessing?

To: michael97123 who wrote (15390)	3/2/2001 3:54:29 AM
From: BelowTheCrowd	Respond to of 19079

My feel for the space is also that things will start opening up a bit in April, but keep in mind that there will likely be a delayed reaction in the earnings of tech companies, ie: they won't all show immediate new reveneues right away, deals can take a while to conclude when everything has been on hold and people have been focused on other things. Another issue is that even if things do start opening up soon, it will be 3 quarters or so before the year over year comps start looking good. I think the value is good, but the likelyhood is that you'll be able to get similar values for a while. I seriously doubt this will be a strong "V" bottom with immediate recovery. IOW, I think that for the next 6 months, there are likely to be better gains elsewhere. mg