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Re: Buy Oracle?
- To: "Greg Gainer (contractor)" <firstname.lastname@example.org>
- Subject: Re: Buy Oracle?
- From: Matt Olson <matto@UU.NET>
- Date: Wed, 10 Dec 1997 21:47:53 -0500
- CC: email@example.com
- Organization: Dial Access Group
- References: <firstname.lastname@example.org>
I'll move funds tomorrow AM. Either way this is probably not a bad idea
(though generally, I've been aggregating).
As to the question of Oracle purchase, my sense is a resounding
'maybe'. I think that the database market (and especially Oracle's
share) may be somewhat mature, and entering a period of lessened
growth. But I dunno, and I'm pretty much brain dead now any way.
Presumably, the collective whole has reached consensus in my absense,
and I'll see the answer further down in my e-mail pile.
PS - I will emerge from scholastic / work / Interop hell next week.
Greg Gainer (contractor) wrote:
> You may have noticed that Oracle (ORCL) has plummeted in the last few
> It's down 42% from where we bought a few months ago. From what I've
> able to glean from the news this is for two reasons.
> 1) Oracle's quarterly report did not meet Wall street expectations.
> always seems to push the price down sharply in the short term. Since
> long term investors, and the long term figures are unusually
> attractive, I
> think this seems to be a good buying opportunity.
> 2) Sales are down in the troubled Asian countries. I heard a radio
> (maybe All Things Considered) that stated Asia represents 15% of
> market. I would think this is also relatively short term. Even in a
> recession some people buy Cadillacs, so it's not like that segment
> drop to zero. Secondly, Oracle products are not luxury items, they are
> tools that can help achieve greater efficiency - something I think
> will be substantial demand for in businesses in recovering economies.
> I am sure Oracle stock will bottom out soon (it may have already). It
> be worth considering buying some more. We might not even want to wait
> the meeting. Oracle may be a better buy because of the bargain price
> USF, HBOC, Manorcare (sp?), Richfood, or some of the other stocks
> been championing.
> According to the "live" HPD Portfolio, we have over $1k in cash (most
> Presidential). Matt/Gary, could we move most of this to Ameritrade so
> we can act swiftly -whatever we decide?
> What do you think? I could be wrong about Oracle. This might be a
> shift in their outlook, not a blip in the big picture.
> Thanks for your time.
> Greg "only the Vice president" Gainer
Matt Olson UUNet Technologies
Snr. Network Engineer Dial Access Group
- Buy Oracle?
- From: "Greg Gainer (contractor)" <email@example.com>