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

To: RMP who wrote (15485)	3/3/2001 9:58:29 AM
From: WTSherman	Read Replies (1) \| Respond to of 19079

The issue with ORCL has been that the company was insanely valued for such a large business. When the stock was in the $40-45 range it had a forward PE of nearly 100. This made no sense for a very large business that could not possibly show sustained revenue or earnings growth in the 50-100%/year range that this kind of valuation implied. In many ways ORCL stock price was defying gravity, in that, typically as fast growing company's get larger their PE's get lower due to the fact that you simply can't grow a muli-billion dollar business at sustained rates of 50%/year. Yet, over the past 3 years ORCL's PE expanded. I've made these same comments on this board many times since I sold my interests in ORCL and been roundly bashed for saying such. Six months ago I said that I thought $12 was a reasonable price for the stock and I still think it will get there before it starts to level out.

To: RMP who wrote (15485)	3/3/2001 10:15:01 PM
From: Bipin Prasad	Respond to of 19079

Not only biotechs don't have earnings, majority get shut down before Phase III test is done. Investing in biotech is highest risk gamble not only for future products, but also past approved items. You never know when a lawyer decide to come after the firm/product/s. On the other hand, Software can make money with endless upgrades yrs to come without liability insurance. Have you noticed how many unhappy Docs out there because their income hasn't improved much? Not too much increased than handymen to remodel your kitchen? Most Docs I know send their kids to law school or computer science lately. Early stage tech investment bubble looks popped for now. But we're still in early stage of tech revolution! Many more to come for many more yrs!!! InSook Prasad