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


To: BelowTheCrowd who wrote (15462)3/2/2001 3:48:09 PM
From: Michael Olin  Read Replies (1) | Respond to of 19079
 
it could be a couple of years or more before ORCL sets a new all-time high

That's too bad. At $15 Oracle is only up what, 16,000% since it went public less than 14 years ago?

-Michael



To: BelowTheCrowd who wrote (15462)3/2/2001 4:04:46 PM
From: MeDroogies  Read Replies (1) | Respond to of 19079
 
I doubt any new highs will be set this year. But to say that many may never get to their old highs is a tough one.

These valuations WERE crazy NOW. But with good reason. The potential is so large. I have a sneaking suspicion many of these companies will revisit their highs in 2/3 years.
The interesting thing about alot of them is their business model. Many are based on licensing fees, which have a natural situation of increasing returns.
Diminishing returns only set in when new products are introduced, and the old products are abandoned.
That is quite different from the standard manufacturing model.

THAT was the problem with the bubble...people recognized the value, but went a little crazy over how quickly these potentials would be achieved.