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: Don Dodge who wrote (2529)	10/10/1998 10:53:00 AM
From: Elmer	Read Replies (1) of 4509

Hi Don, I agree that Chuck and Rick are good analysts. But they do blow it too. For example, Chuck gave an accumulate on Forte Software at a near all time high. It lost about 90% from there. Phillips also was negative on Arbor Software in late 1996 which created a very good opportunity going into earnings in January 1997. On the other hand, he was (I think) negative on Remedy and Vantive which were very good calls. With respect to PSFT, he was a strong buy until it lost about 50% of its value. Not his greatest call. Sherlund was right on Oracle before it cracked last year. It was a particularly good call considering he was alone. But he missed a call on "earnings visibility" on ITWO just before they reported strong earnings about a year or so ago. He also had his pick of the year, Genesys Telecommunication, go nowhere but down from the time he recommended it. So, I agree, they are good but they blow it too. My biggest concerns about the downgrades is Sherlund because he works for PSFT's investment banker. Company's don't mess with their investment bankers, so its likely to be a weak report on October 20. But as in baseball, its wait til next year for this stock. But maybe it will surprise. I'm holding on just in case. Regards David

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