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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who started this subject7/25/2001 9:49:47 AM
From: areokat   of 54805
 
PeopleSof's positive outlook.
<Snip>

Jul 25 8:22am ET

NEW YORK (Reuters) - Equity index futures were flat to a little higher early on Wednesday as shares of PeopleSoft Inc. rose sharply after the software maker gave a positive outlook for its profits and earnings.

Shares shot up to $37.70 in pre-open trade on the Instinet electronic order-matching system vs. a close of $34.24 on Tuesday. PeopleSoft on Tuesday after the close said it expects to post sequentially higher earnings and software sales in its current quarter, despite a persistent global economic flu that recently has caused key competitors to pull back forecasts.

"Maybe this will give a boost to the other stocks in this sector like sebl,orcl,etc."

Kat
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