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

To: Captain Jack who wrote (3956)	12/9/1997 1:28:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 19080

<<looking for a 24+ close. Doubled my 35 position at 23 1/4 today. This is a Xmas present to buyers. Only wish I could get more!>> Johnny: How come you are so optimistic ??? They are hurting, and a lot of money is going to take care of year 2000 problems, which means little growth for the next 2 years for ORCL.

To: Captain Jack who wrote (3956)	12/9/1997 1:50:00 PM
From: Ted Sasscer	Read Replies (1) \| Respond to of 19080

Your wish comes true in the teens if you wait. Today's action knocks ORCL's PE ratio down to the low 30's. Over the past 2-3 years their growth has been slowing from 40ish percent per year to 30ish percent, now in the 20's percent per year. According to the PEG ratio theory, ORCL has historically traded at a healthy premium to it's PE ratio, due primarily to the earnings growth predictability. Once it becomes unpredictable, like today, it gets punished. That is why I think we will see the stock in the high teens before the next quarter is out. If you are patient, it will be a good buying opportunity. Oracle is a good long term investment. Don't be distressed that you are losing money today - just think, Larry Ellison is down over $2 billion today! There now, don't you feel better? Ted