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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: harryl1 who wrote (12018)	10/3/1998 3:14:00 AM
From: Hardly B. Solipsist	Read Replies (2) \| Respond to of 14631

It's unclear to me that this implies that ORCL is overvalued -- maybe PSFT is just undervalued... My gut feeling is that ORCL should be at about 30 in the current market, and the reason that it isn't is lack of confidence in their ability to produce new products. If 8i is successful enough to restore that confidence, then I think that ORCL should move up. I don't know enough about PSFT to have an thoughts about where it ought to be. I also think that MSFT is overpriced (that's why I so cleverly sold out at 85), because I believe that their O/S products and strategy have severe structural flaws. However, I thought corresponding things about IBM and DEC for years before they crashed, so these beliefs (even when correct) don't seem to help me much at picking stocks. And I can't make any sense out of the internet stocks. I don't know what model anyone uses to justify paying so much for AMZN, et al. I do sometimes regret not taking the job I was offered when AMZN had only 20 people, though...