The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: QuietWon who wrote (5701)	1/6/1999 10:00:00 PM
From: Ron	Read Replies (2) of 90042

Shares of PeopleSoft (PSFT:Nasdaq) jumped more than 13% on talk that IBM (IBM:NYSE) would buy the Pleasanton, Calif.-based enterprise software company, says an analyst who asked not to be named and whose firm has no underwriting relationship with PeopleSoft. "That's the rumor going around Wall Street," the analyst says, adding that at this point, he did not want to speculate on whether such a tie-up would even make sense. A spokesman for PeopleSoft says the company does not comment on rumors -- but that didn't stop the Street from taking a gamble. PeopleSoft shares closed up 2 1/2 at 21 11/16 after hitting a daily high of 22 9/16, the highest level since Nov. 19. PeopleSoft shares had been languishing below 20 since early December on forecasts of a sharp slowdown for enterprise software sales in 1999

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next