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: aps who wrote (4357)	1/28/1999 5:32:00 PM
From: Lizzie Tudor	Read Replies (2) of 4509

aps, this is the only thing that is troubling to me - restate? Restate what? Psft mgmt has always been above board as far as I can tell. There was no chance psft would beat estimates this qtr, even if they did they would have reserved some for next qtr as we go into y2k which is completely uncertain. No enterprise sw company is going to blow out earnings this year for that reason I think. I dont think psft will tank ala Sap, I think the bad news is built into the stock (although it may go down a little- 2-3 pts maybe?). However a restatement is really a wildcard. This does appear to be bad news, where is Chuzzlewit with the details on what this means? Michelle

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