PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Raptor who wrote (1441)	7/13/1998 8:16:00 AM
From: John Carragher	Read Replies (2) of 4509

Some comments from today's wsj should get a rebound for psft. Shares of SAP and PeopleSoft have been strong performers since the start of this year, with SAP rising about 80% and PeopleSoft gaining 29%. Baan had also been a highflier, but in April investors punished the stock after it reported weaker-than-expected earnings that raised questions about the company's accounting practices. Despite SAP's statement Friday, however, analysts were generally sanguine about the state of the industry. They pointed to SAP's expected 60% revenue growth, which is stronger than anticipated. Observers said that given the economic problems in Asia, 60% revenue growth indicates that demand for SAP products is very strong in Europe and North America. That should be particularly good news for PeopleSoft, which has a much smaller exposure to the Asian market than its bigger competitor. "From a fundamental perspective, I don't know if [the declines] are merited," said Brian Skiba, an analyst at Lehman Brothers. "I think what we're seeing is that there is very strong demand for the product in the marketplace. Despite Asian contraction [SAP was] able to grow 60% for the half. That means that their North American business has to be extraordinary -- and that's got to be positive for PeopleSoft."

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