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: Melissa McAuliffe who wrote (4466)	1/30/1999 2:20:00 PM
From: Chuzzlewit	Read Replies (2) of 4509

Hi Melissa, Some points about MMTM: If the company is joined at the hip to PSFT (and I think we both agree that it is), and considering that "investors" have no voting shares (they are all owned by PSFT), then what is the point of spinning off MMTM? If it were truly an independent R&D unit it could have been set up more easily as a division. The combination of financial ties and the fact that PSFT has the right of first refusal on MMTM products seems to me to create an impenetrable barrier between MMTM and competitors of PSFT. These considerations lead me to conclude that PSFT will be using this vehicle to offload developmental expenses, and thus make its bottom line appear better. If I'm correct I am saddened and disappointed by this turn of events. TTFN, CTC

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