Recent Peoplesoft Weakness (72 1/2 to 66) Message Board

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Technology Stocks : Recent Peoplesoft Weakness (72 1/2 to 66)

PSFT 0.0001000

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Oct 29 5:00 PM EST

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To: leibo who wrote (34)	8/17/1996 11:15:00 AM
From: Valley Girl	of 116

You're underestimating just how good the enterprise apps business is right now. 100% year-over-year growth is reality, not hype. Every company in this business is getting that kind of growth. It's true that SAP has more mature functionality, but they are also stuck with dated technology and a paste-on GUI that's really block mode in drag. Extraordinarily time-consuming and expensive to implement. Running out of steam after massive marketing push -- sorry, it's SAP that was "hyped". PSFT has successfully moved beyond core HR apps at this point. Again, it's reality, not hype, real customers are buying and implementing PSFT core financials. True competition for PSFT is ORCL apps. Both have 90s technology, however ORCL suite is broader and more mature. Even so, market is big enough that all these players might continue to do well. None of this bears much on the short-term stock price. However, if you look carefully you'll see that the market isn't beating up all high-P/E stocks. The "quality speculatives" aren't going down. PSFT is hanging on, and new-issue SEBL (also in the apps business) is hanging pretty tough. Meanwhile the air is going out of over- valued internet and networking stocks -- these were the real hype stocks of the past year. From a fundamental point of view PSFT isn't necessarily overvalued here. P.S. Disclaimer: I'm neither long nor short PSFT, I own ORCL. Above is my personal opinion only!

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