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To: Venkie who wrote (36249)	4/25/2001 5:08:17 PM
From: stockman_scott	Read Replies (2) \| Respond to of 65232

QCOM down A/H but OCPI is UP OVER 20%...=) Lets see what happens tomorrow. Best Regards, Scott

To: Venkie who wrote (36249)	4/25/2001 5:12:18 PM
From: stockman_scott	Respond to of 65232

Shorts have had free reign over the last year and have made huge profits at will. That's all changing with a turning economy. It's clearly a stockpicker's market though...Growing PROFITS and the ability to execute in this tough environment is VERY important...=) Best Regards, Scott

To: Venkie who wrote (36249)	4/25/2001 5:35:41 PM
From: stockman_scott	Respond to of 65232

PeopleSoft Makes Its Numbers, the Hard Way _____________________________________ By Joe Bousquin Senior Writer TheStreet.com 4/25/01 4:56 PM ET <<PeopleSoft (PSFT:Nasdaq - news) is proving itself as one of those quiet, assertive types. The Pleasanton, Calif.-based enterprise software company comfortably beat analyst expectations Wednesday when it announced earnings of $36 million, or 11 cents per share, on revenue of $503 million. Analysts expected PeopleSoft to show earnings of 9 cents per share on revenue of $469.9 million, according to Multex.com. In the year-ago period, PeopleSoft earned 4 cents per share on $375.4 million in revenue. Software license revenue improved 70% year over year to $153 million. Analysts had expected just $143 million in license revenue, on average. In regular-session trading, PeopleSoft shares closed up one penny at $30. In after hours, they jumped to $32.69 on Island ECN. Wall Street was looking for PeopleSoft to meet its numbers largely because it was one of the few software companies not to warn about soft numbers coming out of the first quarter. Along with Siebel Systems (SEBL:Nasdaq - news) and SAP (SAP:NYSE ADR - news), it kept rare company in that respect. But that doesn't mean it was easy for the company to do so. Unlike with other software bigwigs, such as Microsoft (MSFT:Nasdaq - news), analysts haven't been taking down PeopleSoft's numbers. That means PeopleSoft's results compared to estimates are real. Given the current spending environment in technology, that's no small feat. Analysts say that unlike Oracle (ORCL:Nasdaq - news), which infected the software sector in March by warning of its own shortfall, PeopleSoft doesn't rely on multiple large deals to meet its numbers. For instance, the firm has only signed two deals greater than $10 million in the last two years, according to Merrill Lynch. With some corporations still willing to spend a little, but not a lot at this point, that probably helped the company during the quarter. A lower exposure to failing dot-com companies likely also shielded PeopleSoft's results. But that doesn't mean things will stay rosy going forward. PeopleSoft will likely notch down its financial guidance on its conference call this afternoon because of the economic slowness. Analysts currently expect 2001 earnings of 56 cents per share, and revenue of $2.05 billion. For the second quarter, the consensus estimate stands at 12 cents per share in earnings and $497.5 million in revenue. "Given slowing demand, the company will likely provide prudently reduced forecasts, perhaps 2001 EPS of low $0.50's," wrote Merrill Lynch analyst Craig Wood in a research note. "This still represents favorable growth off EPS of $0.30 in 2000." He rates the stock an accumulate. (His firm has done banking for PeopleSoft.) Wood also expects the company to notch down growth in software licenses to the low- to mid-30% range. Currently, 2001 license growth is pegged at 38%.>>