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: space cadet who wrote (1833)	8/20/1998 10:48:00 PM
From: Melissa McAuliffe	Read Replies (2) of 4509

Space cadet, Thanks for the explanation. With respect to psft stock price....I would be really really surprised to see psft at 25. Though as I said earlier today I wouldn't be surprised to see it go lower than it is right now. But 25 just seems ridiculous. I really think that what's happened here is that enterprise software stocks are just an out of favor sector right now. It's unfortunate but it's just how it is at this point. I think much of what happens going forward depends on this quarter's results....which are not for another two months...though i guess orcl and manu will report in sept. so that should be interesting. I want to buy some psft but I've been holding back waiting until I see the momentum start to pick up and it just isn't happening right now. I have no doubt that this stock will go back up. I just wish I could predict how low it might go first. But doesn't 25 seem ridiculously low? Though I must say that if someone had told me a month ago that itwo (which I happen to own at a much higher price) would see 18 I would have said that was absolutely ridiculous too....so don't listen to me.<g> I have also heard speculation that we will have another correction this year...(I'm not sure this one is over yet)....I don't know about anyone else but I'm getting a little tired of these corrections. We're barely finished with one and already they're talking about another one. Bring back the good old days.<ggg> Just one other point while I'm on a roll here. When you really think about it, 60% growth from a $1B company isn't exactly shabby. There has to come a point in every company's life cycle where their virtual size just makes it difficult to sustain the previous growth rate, don't you think? Melissa

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