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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: Mama Bear who wrote (2384)10/2/1998 12:46:00 PM
From: Grabs  Read Replies (2) of 4509
 
Found this brief update from Solomon Smith Barney on PSFT today.
Probably issued to stop the bleeding, but was obviously ineffective.

PSFT: Maintain Buy Rating
Salomon Smith Barney
Neil Herman
October 02, 1998

--SUMMARY:--PeopleSoft, Inc.--Server & Enterprise Software
*We continue to believe that PeopleSoft will make its bottom line
numbers for Q3. Both our and consensus estimates for Q3 are $0.17.
*We feel comfortable with our estimate for license revenue for Q3 of
$165 million, 46% year over year growth.
*We remain focused on PeopleSoft's long term fundamentals including:
-A large client base
-Satisified customers
-Strong management

*No change in our BUY rating.
--EARNINGS:-----------------------------------------------------------------
FYE 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year
Actual 12/97 EPS $0.07A $0.09A $0.11A $0.16A $0.44A

Previous 12/98 EPS $0.13A $0.15A $0.17E $0.22E $0.68E
Current 12/98 EPS $0.13A $0.15A $0.17E $0.22E $0.68E

Previous 12/99 EPS $N/A $N/A $N/A $N/A $0.95E
Current 12/99 EPS $N/A $N/A $N/A $N/A $0.95E

Previous 12/00 EPS $N/A $N/A $N/A $N/A $N/A
Current 12/00 EPS $N/A $N/A $N/A $N/A $N/A

I also saw that Merrill put out a brief "we see no major change in outlook"
announcement on PSFT, but I don't have the exact text.

Hopefully, the results will speak louder (assuming their good) than analyst opinions.

Gary Rabishaw
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