With such a high PE, PSFT needs to sustain an extremely high level of growth, and even then, it seems overvalued to me.
How can PSFT maintain its steep growth curve when its CEO goes around saying stuff like the following?
Wade
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October 6, 1997 6:00 PM ET
At Gartner Symposium, industry execs
grapple with fallout of Year 2000
By Lisa DiCarlo, PC Week Online
ÿ
ORLANDO, Fla. -- Large corporations are spending roughly 20
percent of their IT budgets on the Year 2000 issue and, as a result, are
putting application development and other projects on the back
burner.
That was the unsettling finding voiced here today at Gartner Group
Inc.'s IT Symposium.
At a morning panel, Dell Computer Corp. CEO Michael Dell,
PeopleSoft Inc. President, Chairman and CEO Dave Duffield, and
Sybase Inc. CEO Mitchell Kertzman addressed the ripple effect the
finding would have on their business.
"The [spending] boom is gone because of Year 2000 spending,'' said
Duffield. "And that could result in a major slowdown of deployments.'' |
