![oracle](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie2eU-4HeovR3AF-oIDIiPmWhzNJiHH1-MwZcONW0rUvGIWpgKVSQ9oUN73l1WhV4YU664rE-kPW0VmKIEQFlp1HqHhkHf428zYEpJu1dDm_Et-76rSJqhY7qDSm6NpW-sOEK2kIemebz-/s200/oracle.jpg)
Positives
..Leader in the core banking software arena; strong parentage to lead to marqee accounts
..Available at 8x FY09 earnings;
..Potential for open offer from Oracle; last offer at Rs.2100 per share
Risks
..Presence only in BFSI sector;
..Inconsistent performance, evening services business
..Deeper recession in developed economies will impact earnings estimates
The stock trades at a P/E of less than 8x FY09 earnings.At CMP of Rs.430, long term investors can accumulate on declines.