SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year?
PSFT 0.00010000.0%Oct 29 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David W. Ricker who wrote (429)4/5/1999 7:37:00 PM
From: Chuzzlewit  Read Replies (2) of 1274
 
David, I tend to agree with you. I don't think the world has come to an end, but what I do see is a convergence of two forces. First, there were a lot of sales for ERP software in anticipation of Y2K problems which provided an artificial boost. But companies who have not completed remediation by changing software are now involved in the tedious task of recoding and fixing things on a patchwork basis. This will probably end during the second quarter of 2000, so we will probably have a rough year going forward.

I do think you are making the mistake of confusing stock price with business performance. In my entire investing life I have never seen a market as myopic as this one. Michelle and others have warned that there would likely be a Y2K lockdown. Indeed, many analysts have said the same thing. So why has the reality come as such a shock to the market? My guess is that thinking is so short term because the market, particularly with respect to the e-tailers, is looking more and more like a bubble, and many investors are simply fearful of adopting a longer-term view. On the other hand, I too am fearful of putting money back into this company, but my fear is based more on what I believe to be management's dishonesty. I expected more from them.

TTFN,
CTC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News