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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: ALTERN8 who wrote (23145)7/20/1999 6:15:00 PM
From: -  Read Replies (1) | Respond to of 27307
 
The penalty for "meeting" the numbers (thus missing the whisper) in this market, is generally a good workover with a Baseball bat. Hopefully this won't happen to PSFT. I'm away from my equipment now, but will check Instinet trading & Reuters news feed tonight... no analysis/news on TSCM yet. -Steve



To: ALTERN8 who wrote (23145)7/20/1999 7:15:00 PM
From: TraderTerry  Respond to of 27307
 
<OT> They sure did. Congratulations.

Here is some more from Bloomberg:

PeopleSoft 2nd-Qtr Profit Falls 92%, Matching Analyst Estimates
Pleasanton, California, July 20 (Bloomberg) -- PeopleSoft Inc., the No. 2 maker of business-management software, said its second-quarter profit fell 92 percent, in line with estimates, as revenue dropped.

PeopleSoft said net income was $3.0 million, or 1 cent a share, down from $39.2 million, or 15 cents, a year ago. That matched analysts expectations of 1-cent a share, the average estimate from First Call Corp. Revenue fell 2.6 percent to $312.2 million from $320.5 million.

License revenue, or software sales, was $57.9 million, a 61 percent drop from $148.5 million a year ago. Revenue from services rose 45 percent to $248.7 million from $172.0 million at the Pleasanton, California-based company.