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 (3981)	12/23/1998 3:00:00 PM
From: Shane M	Read Replies (1) of 4509

Chuzz, I normally only lurk here, but your post helped spur me out of inactivity on PSFT. I'd been waiting and waiting for PSFT to stop falling. Almost bought around 21 or 22 but held off for lack upside catalyst, but finally pulled the trigger today, upset that I didn't have the guts to buy at $17. I still left room to average down if needed because overall I'm still somewhat bearish on market as a whole. I agree with you, growth of 25% to 35% is nothing to sneeze at. Not many companies of this quality have those growth prospects, and I agree that the switching costs make this a better business than most. I'm unsure how to view events with SAP at the moment. A price war with SAP will have to hurt PSFT, but in the bigger picture I'm hoping it's indicative of SAP having increased difficulty in selling their product. I've seen many comments to the effect that the market is starting to "wake up" to the many difficulties presented by SAP, and also feel the trend toward interconnectivity will help PSFT/ORCL/ITWO more than SAP. Long ORCL, ITWO, and now PSFT. Shane .

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