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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: Rick who wrote (285)3/24/1998 7:41:00 AM
From: Mr Logic  Read Replies (2) of 4509
 
Rick
I do know about bespoke systems, benefits of third party implementation.
Companies replacing bespoke systems, and the enthusiasm of the big consulting companies to perform the implementation are two of the drivers that has seen the ERP business do so well.

The trend is here to stay, I agree, but with every sale the market declines. There are still good opportunities - some great ones - still out there but it is getting harder to pick good sized companies who are not already committed to SAP, ORCL, PSFT, BAAN, SSA etc..

Peoplesoft's competitors are not going to let it take the middle ground without a fight. Things will become very tight in that marketspace.

I think it is nuts to be long this stock at $50! Your statement

>>Peoplesoft locks its customers in for years and Wall Street will pay up for predictability. Remember, the premium that PSFT is getting isn't so much for the level of earnings expected in the next couple of years, but for the confidence that the business is well positioned and the earnings will come.<<

is one I could broadly agree with. But it does not relate to the stock price. It is as true at $5, $50 or $100.
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