14 Quotes by Chris Shilakes

We believe Microsoft will be hurt by weakness in the consumer PC space, which represents roughly 10-15 percent of its business. As we have said, the shift to browser-based computing is slowing the need for upgrades, and perhaps the more sophisticated gaming platforms are removing the need for homes to have the latest high performance PC's. As a result, corporate PC's will have to pick up the slack in the next quarter.

We expect Oracle could appreciate at a more tempered rate over the intermediate term as fourth-quarter ... license revenues were muted by sluggish database growth, with strong earnings-per-share upside on continued margin expansion.

These stellar results should continue the upswing in e-commerce software stocks on a positive start to earnings season.

Applications growth will again be a key focus for investors, although it contributes 25 percent of license revenue at present. We understand Oracle landed a couple of large deals in the quarter, perhaps $20 million in size, so there is some traction here.

On calendar year 2000 revenues, this would yield a $387.9 billion market cap, or $70 per share. This is right in line with current trading levels.