IBM and Oracle are neither internet nor industrial, but service companies. Oracle shares with Microsoft and the "internet" outfits a pseudo-monopoly on their sector; but O and M are rapidly ageing, and will go the way of IBM (and Ford and GM) : they are lumbering on, overweight and not specially innovative, their pseudo-monopoly arriving at its expiry date.

At first glance, the pseudo-monopoly influences the "enterprise value" thing very strongly.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}