Chris Shilakes
Chris Shilakes
appeals assign based breakup business current given multiple outcome reluctant requests respond revenue timing unit using windows
Given this timing and uncertainty of the outcome of the appeals process, we are reluctant to respond to requests we have for breakup valuation. But using just a 'back of the envelope' valuation, based on current revenue multiples for comparables to each business unit, we would assign a 15x revenue multiple to the Windows business unit and a 17x revenue multiple to the applications business.
consistent database deliver expect forecasts growth license model oracle percent revenue slightly
Our model forecasts applications license revenue growth of 55 percent and database license revenue growth of 18 percent. We expect Oracle to deliver applications growth consistent with our model and database growth in-line to slightly better than our projections.
battle fighting uphill
I think Oracle's fighting an uphill battle there.
broken following microsoft modest pressure proposal selling separate
MSFT could feel modest selling pressure in near-term following 'shock value' of DOJ's proposal that Microsoft be broken up into two separate companies.
continue earnings positive results software start stellar stocks
These stellar results should continue the upswing in e-commerce software stocks on a positive start to earnings season.
appears believe breakup buying eternity investors legal three
We do not believe that investors should be buying MSFT on a breakup valuation criteria; a breakup, if it were to make it through an appeal, would be executed three or more years from today, which is an eternity in the Internet-centric world. The legal overhang appears to be lengthening, unfortunately, for Microsoft.
investors momentum premium stock time trading
With the stock trading at premium multiples and momentum investors exiting the stock, it may take some time ... to re-establish an upward trend.