Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (45610)	4/2/2002 8:18:41 AM
From: LTK007	Respond to of 99280

<<Peoplesoft Warns, Dragging Down Sector By TSC Staff 04/02/2002 07:50 AM EST Peoplesoft (PSFT:Nasdaq - news - commentary - research - analysis) was plunging and dragging down the rest of the business software sector after warning of a shortfall in profit and licensing revenue due to tight information technology spending. Pleasanton, Calif.,-based Peoplesoft expects to earn 14 cents from recurring operations and post licensing revenue of $130 million to $135 million in the first quarter ended March 31. The earnings guidance is in line with the company's own forecast but 1 cent below what analysts were expecting. The company had previously forecast licensing revenue of $160 million. "Although consulting revenue and maintenance revenue were on plan, and earnings per share are expected to meet our original guidance, license revenue clearly reflected a cautious economic environment,'' the company said in a release. "We remain confident that our industry leading PeopleSoft 8 pure internet enterprise applications will drive continued overall growth in 2002.'' >>