Project Software: PSDI Message Board

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Technology Stocks : Project Software: PSDI

PSDI 0.00

Mar 22 5:00 PM EST

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To: Todd D. Wiener who wrote (41)	4/4/1997 10:21:00 AM
From: michael zhang	of 134

PSDI at this level probably is a good value. It is trading at less than 14X forward PE, and long term gwowth rate is 25-30%. The following is another firm's earnings estimates. Dow Jones News Service -- April 2, 1997 P.Jaffray Cuts Project Software To Neutral From Strong Buy NEW YORK (Dow Jones)--Piper Jaffray Inc. downgraded Project Software & Development Inc. (PSDI) to neutral from strong buy. In a research note, the firm cited the company's outlook for second-quarter earnings of 15 cents a share, below the firm's estimate of 31 cents. Piper Jaffray lowered its earnings estimates to $1.25 a share from $1.52 for fiscal 1997 and to $1.65 from $2.00 for fiscal 1998. The firm said it thinks Project Software's problem is short term, but Piper Jaffray doesn't see near-term appreciation in the stock. [Previous] [Next] [Image] [Dow Jones Logo] Copyright c 1997 Dow Jones & Company, Inc. All Rights Reserved.

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