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Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?

To: Achoo who wrote (684)	1/6/1998 9:37:00 AM
From: Tom Smith	Read Replies (1) \| Respond to of 940

From the Motley Fool, FWIW -- ------------------------------------------------------------------------------------ Jan 05, 1998 (6:00 PM EST) - The Motley Fool Evening News Following the rather bleak earnings warning from Netscape, other application software vendors sold off on worries that corporate software spending in general may be weak in Europe as well as in Asia. The most damaged among the larger enterprise resource planning (ERP) software vendors was Baan Co. N.V. (Nasdaq:BAANF - news) , which fell $3 9/16 to $29 1/8. SAP AG, meanwhile, was flat in German trading, and Peoplesoft (Nasdaq:PSFT - news) slid $1 7/8 to $36. Oracle's (Nasdaq:ORCL - news) slowdown and subsequent share price decline is also on the minds of investors, but others are taking another tack: that Netscape's problems have to do with price competition and integration issues with Microsoft and that Oracle's problems are execution-oriented and not macro-driven. With earnings season just around the corner, investors won't have to wait too long to get a check-in on the outlook for the ERP companies.