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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: gc who wrote (3232)10/24/1998 7:26:00 PM
From: Melissa McAuliffe  Read Replies (1) of 4509
 
gc, I think it is extremely rude to attack Chuzz for selling some of his psft shares or assuming that by doing so he has lost all faith in PSFT.

I'm pretty sure that Chuzz has lived through numerous PSFT splits and has also bought more over the years so it might just be that he feels there are other opportunities where his capital might generate a great return. PSFT stock may go down from here before it goes up again but it will go up again. The hypergrowth days are over but this has been coming for some time. Anyone who's been reading their quarterly reports could see that license fees have been declining sequentially. But PSFT is a very viable company in a very necessary segment. Just because a company is only growing 25-30% doesn't mean the company sucks. It just means that it will be viewed differently and valued differently that when it was able to support a PE in the stratosphere.

BTW, Chuzz never said he sold all of his PSFT and the fact that he even mentioned he sold half and shared is to be commended.

In doing so, he left himself wide open and I'm not so sure I would have been as forthcoming the way this thread is getting lately. It isn't like he said he's out of PSFT completely.

Also, just for the record, I really don't see PSFT's growth dropping below their forecast. That's just my own personal prediction.
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