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: 16yearcycle who wrote (3011)	10/20/1998 8:35:00 PM
From: Chuzzlewit	Read Replies (1) of 4509

Eugene, you said They are also suggesting that the slowdown may be temporary. I think you are right, and I think this is the key point. We are not seeing a permanent change in fundamentals, but rather, a projection of deferred purchasing due to Y2K problems and global economic issues. Now the question is how efficient a discounting mechanism is the market? If the stock price crumbles it is telling us that the market has ignored growth beyond next year's projected slowdown. It will take a much brighter person than me to figure out where the price will be. TTFN, CTC

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