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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: Melissa McAuliffe who wrote (1695)7/29/1998 4:35:00 PM
From: GJD  Read Replies (1) of 4509
 
A 50% retracement from the low of 15 1/2 in April of 97 will provide a weekly support of 36-36 1/2. This level should hold. PSFT still got 72% of revenue from new customers vs 50% for SAP. License growth slowdown to 50% is the key here, which might hold steady or accelerate in the 2nd half with the 7.5 release and European growth. PSFT still only gets 14% of revenue from Intl markets and growth potential is great. SAP going to be listing ADRs on NYSE on Monday. This could psychologically help the group.
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