ORCL is expected to earn 2.65 in the coming fiscal year ending in May 2013. Micrsoft is expected to earn $2.95 in the same fiscal year endin in June 2013. Using same PE ratio MSFT should be at 37. But MSFT has $6 more net cash per share compared to ORCL. So MSFT should be at 43. Conservatively MSFT is a 40 dollar stock. MSFT's growth over the last three years and next three years is higher than ORCL and MSFT is a more diversified franchise.