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

To: John Carragher who wrote (833)	1/31/1998 2:19:00 PM
From: Rick	Read Replies (1) \| Respond to of 940

1) Wall Street Journal Interactive (under Tech section): Article about Baan's projections for ERP market through 2001. Very upbeat. 2) Chairman Dave Duffield on Feb. 2 Cover of Industry Week: industryweek.com very favorable article. 3) Barron's Roundtable discussion (Saturday edition): one of the analysts reccommends Peoplesoft. About a paragraph of text of positive comments. Add these to a good earnings report on Tuesday (knock on wood) and you would seem to have a recipe for a pretty good week. We'll see.

To: John Carragher who wrote (833)	2/1/1998 10:01:00 AM
From: Melissa McAuliffe	Respond to of 940

I just read the Barron's article. Either a) Barron's is guilty of a typo b) Art Samberg doesn't have his fact straight or c) I don't have my facts straight. Normally I would think it was c) but in this case I don't think so. He says that PSFT did .58 in 1997 and will do .70 in 1998. I REALLY like his 97 number but doubt they will have an upside surprise of .17. He also says that only 3% of their revenues are from International. We just discussed this here the other day so we know that is wrong. They were 17% in the third quarter and 13% in the second quarter. He also said they were moving from HR applications to Financials. Seems to me they already made this move and are actually already into the move into manufacturing. I find it hard to believe there were two typos in the same article. Very scary when I know more about a company than he does. He does say they will grow 70% and should do 1.3B next year, which I agree with. If I were uninformed and reading this article, I would think why buy this stock when it's eps will only grow 20% this year on revenue increases of 70%. But, since I am not uninformed I just want to say that I can't believe this could have been printed this way. In any case, someone made a very big mistake here. Because this was printed in Barron's, I am actually still sitting here thinking I must be calculating something incorrectly. So, if I am, please let me know. Also, can anyone point me somewhere where I can get a clear explanation of this way of reporting eps? Do companies have to go back and restate prior eps to conform with the new standards? If so, does First Call reflect this? I thought the people who were invited to participate in the Barron's roundtable were among the best in the business?? Melissa