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

To: William F. Wager, Jr. who wrote (745)	1/18/1998 6:15:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 940

I just got around to reading Morgan Stanley's comments on PSFT in their 1998 Industry Focus. They forecast earnings for 1998 at $.58, and have a target price of $75. They estimate annual growth for the next five years at 50%, and maintain a strong buy. In addition, they make the following comments: "Peoplesoft is entering 1998 with rich product flow and incremental opportunities in international markets one release 7.5 ships in mid 1998. The company continues to execute well and reports the most conjservative financials in the industry." Regards, Paul