PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Lizzie Tudor who wrote (3608)	11/18/1998 4:10:00 PM
From: ratlong	of 4509

Pandesic was not a consortium, based on my definition of consortium. Pandesic is a separate company that was funded from INTC and SAP VC funds. Management was clearly delineated, there was a CEO and he had total operating control. The problem with Pandesic was they took large company mentalities from the HW/Chip and enterprise software worlds and tried to apply it to a e-commerce, web environment. Marketing stunk, segmentation stunk, their networks didn't apply, the "language" of SAP and INTC don't apply to Pandesic's world. Anyway, it was most definitely not a consortium- they had profit/IPO/exit strategies like everyone else. My thought was that their exit strategy, if they had been successful, would have been an acquisition by SAP.

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