America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: JC Reddy who wrote (12789)	12/22/1998 6:33:00 PM
From: RocketMan	Read Replies (1) of 13594

The problem with PSFT had nothing to do with the S&P. Here is an example of their problems, which boils down to earning shortfalls. I suspect the same thing would happen if AOL had earnings disappointments, but that has nothing to do with the S&P. All things being equal, the S&P is a definite plus ... institutional investors, less volatility, etc. Raymond James issued a Company Report on October 21, 1998 for Peoplesoft Inc. On October 21, 1998 Raymond James analyst Richard Bove issued a 1 page Company Report on Peoplesoft Inc. Report highlights: 'The 1998 and 1999 EPS estimates were lowered from $0.78 to $0.62, and from $0.90 to $0.66, respectively, to reflect a deteriorating environment for ERP software spending. The rating was downgraded from Buy to NEUTRAL based on lower expected software license growth in 1999. The company is expected to generate earnings growth of 30% over the next three years.'

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