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: Chuzzlewit who wrote (3551)	11/17/1998 11:14:00 AM
From: Marq Spencer	Read Replies (3) of 4509

CTC, I think its just a way to increase apparent margins and profits. This way, you can write-off $300 million, or so, as a one-time extra-ordinary expense, then don't have to show it in going forward. This is the kind of thing done in restructurings, which enables companies to claim higher operating profits going forward. I'm kind of disgusted because what PSFT is implying is that R&D is not really part of their business, and therefore, expense. That is absurd for a hi-tech company and quite the opposite of the way a small, nimble company represents itself. The "developing products for other companies" statement is hogwash, given that PSFT has the complete right to all technologies developed by Momentum. How many other companies would want Momentum to create technology for them, given that setup. I'm long on PSFT, and, right now, regretting it. - Brian.

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