Let's take a look at Oracle's historical operating performance over the past decade (since calendar year 2003), and see what kind of track record we have to go on. The following F.A.S.T. Graphs reflect Oracle's operating earnings (the orange line) and dividends (the light blue shaded area). Operating earnings growth has averaged 17 ½% per annum, and the dividend has grown along with earnings since Oracle first instituted a dividend in 2005. This is clearly the record of an extremely well-managed and very fast-growing enterprise. When we bring Oracle's stock price into the picture, we discover the market has typically applied a normal PE ratio of 20, which I referenced above. Consequently, a normal blended PE ratio of 13.6 after Thursday's drop in price seems to indicate a below-normal valuation. In the normal world, logic would dictate the wisdom of buying low in order to sell higher later. However, in my Bizarro World, aka Wall Street, the current mantra seems to be sell low, or as stated above, the opposite of what should happen in a more logically normal world. Oracle's strong operating results have also generated strong shareholder returns. Even at what I consider to be historically undervalued levels, Oracle's stock has soundly outperformed the S&P 500. Oracle's CEO, Larry Ellison, offered only some brief comment during the conference call. However, even though his comments were brief, his remarks were very enthusiastic regarding Oracle's future. He focused on Oracle's product transitions to the more powerful and lightning-fast next generation of servers built utilizing the new SPARC T5 microprocessor, which he called the world's fastest. Ellison teased us by announcing that next week Oracle will publish 17 world-record benchmarks showing that SPARC T5 is the fastest processor in the world for a database. Although I'm not a technology expert, I believe speed in the database space as The Cloud continues to evolve and grow would seem like a strong advantage to me. Consequently, I do not find it hard to believe Ellison when he stated that he believed that the first quarter and all of next year will be a big growth year for Oracle's entire hardware business. In other words, it appears to me that Oracle's growth is far from over.