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Revision History For: Recent Peoplesoft Weakness (72 1/2 to 66)

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Return to Recent Peoplesoft Weakness (72 1/2 to 66)

Peoplesoft will be reporting its 2Q 1996 earnings soon. The stock
has had some weakness falling from $72 1/2 to a recent $66. Does
anyone know why the stock is dropping? Are investors concerned about
the upcoming quarter?

At $66, the stock is trading at 52x's next year's earnings which seems
fairly reasonable given its explosive growth and new prospects from
the upcoming manufacturing software (ERP). Does anybody have an opinion
on the company's ability to break into SAP and Baan's ERP stronghold?
How good are the new products?

Thanks.