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

To: WTSherman who wrote (10586)	4/28/1999 5:31:00 PM
From: lml	Read Replies (1) \| Respond to of 19080

I know that there are some people who treat ORCL like its a religion and LE like he's the high priest. I'm not one of them... Obviously. ... I'm just looking at the results and saying that they're not up to what they once were and they haven't kept up with the elite of the rest of the tech's. WTS: I suggest you stop looking in the rear view mirror to prove your point, which is irrelevant to any investment decision today, & start looking at the road ahead. If you think the stock is 27 today because of what happened over the past four years, I think you need to rethink how The Street prices equities. Sure, past performance has a bearing on multiples, but I think The Street is placing more weight on the opportunities available to the Company ahead based upon its present position in the marketplace, not the opportunities lost on the road already traveled. That Oracle was once a great company? Yup. But, right now its not and that's why the stock is $27! ORCL is trading where it is today because the analysts just haven't seen the top line growth it expected to see last Q as confirmation of ORCL's new core strategy taking hold. When it does, the stock will soon see its old highs & likely move to newer ones. If it doesn't, the stock will languish, IMHO, & possible drift in the lower 20s until it is clear the Company will return to its past glory. Your reliance on historic performance of the Company over the past 4 years is misplaced.