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: GJD who wrote (1572)	7/22/1998 2:30:00 PM
From: LLCoolG	Read Replies (2) of 4509

PeopleSoft also mentioned Asia as an excuse for lower software sales in their CC. The Street finally put 2 and 2 together, think they have 4, and figure that dwindling software sales emphatically state that PSFT is too big for thier continued explosive growth. At least the valuation is not outrageous anymore, at least compared to the other "blue chip" tech issues. The other software firms that are actually tied to CA ave not moved down one iota. That leads me to believe that while people may say that PSFT is lower in sympathy with CA, I don't believe it. I would think we are stuck now between 40-48 for a while, with perhaps a move to the low 50's by year's end, keeping in line with the new view of the traditional valuation of this stock. Still 20% over 6 months is not too bad if you can stand to watch the other stocks rocket. Regards, G

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