PSFT - 1999: The "Make-It-or-Break-It" Year? Message Board

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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year?

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Oct 29 5:00 PM EST

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To: SemiBull who wrote (1247)	8/29/2003 7:55:06 PM
From: SemiBull	Read Replies (1) of 1274

8:35AM PeopleSoft upgraded at RW Baird (PSFT) 17.70: RW Baird upgrades to Outperform from Neutral and raises their target to $23 from $18; firm says they are incrementally more confident in their Q3 ests based on: 1) channel checks indicate a more normal selling environment, modest resurgence in upgrade-driven licensing/pipeline activity, and growing CRM deal flow; 2) reasonable mgmt guidance; and 3) the re-institution of PSFT's customer protection program. Also, ORCL's tender offer appears to be losing some degree of power as it relates to delaying customer purchases of PSFT products, and if the DOJ approves ORCL's bid, firm suspects a solid Q3 performance by PSFT would force a revised bid closer to their $23 target. finance.yahoo.com

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