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

To: Wyätt Gwyön who wrote (17817)	1/14/2003 10:31:02 AM
From: Hardly B. Solipsist	Read Replies (3) \| Respond to of 19079

She wasn't talking about the last 10 years, she said that every 10 years there is a cycle in tech. She is concerned that the bursting of the bubble has been destructive of the up-and-coming small tech companies, the ones that would be the engines of growth in the next wave. People always get too enthusiastic about these things, but if you were an early stage investor in one of the eventual winners in a cycle, you probably made out okay. And since people have been going nuts on these issues at least since the days of the railroad companies, it's unlikely that this is the last time that people will go nuts and throw too much money at emergent high-growth sectors.

To: Wyätt Gwyön who wrote (17817)	1/14/2003 12:23:15 PM
From: Lizzie Tudor	Respond to of 19079

you didn't address the problem about tech cos being terrible businesses. Thats because I don't know what to say to this. You seem to be getting at the fleeting nature of the businesses as if there is no longevity? True, the same with every growth, high stakes sector this is not new to technology, it is just that tech is the growth arena now. Anyway some technologies fade away and die and others just grow and grow and gobble up all in their path... orcl is one of those at this point it looks like with the app server, crm apps, engine etc.... talking newer companies it sure looks like amzn and ebay have longevity to me. There was only a brief period in the very late 90s where what you say is true, very early stage companies like arba were granted huge multiples on the promise of growth. I agree with you that likely won't happen again, which is fine with me, because one of the benefits of this crash has been consolidation in both business and the stock market so these flaky fly-by-night operations aren't able to dilute orcl's growth anymore.