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.

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

To: Raptor who wrote (900)	2/4/1998 12:50:00 PM
From: Go Blue	Read Replies (2) \| Respond to of 940

A little off-topic: I can't believe the swing in BAANF today, apparently related to PSFT's stellar earnings (couldn't find any other news). BAANF misses First Call mean by a penny (not to mention having a PE of 130+), recieves a couple of downgrades, and the stock is flying. Unbeliveable. Back to PSFT, too bad the markets are flat today. I think it's holding our momentum back, but only temporarily. I expected to see a bigger swing today (4+ pts). Remember when BAANF was in hot water wtih BA, and their stock dropped 6+ pts in one day? I expected the opposite effect with PS's BA announcement, not to mention the fact that one of the largest employers in the country (GM) now uses PS.

To: Raptor who wrote (900)	2/4/1998 12:54:00 PM
From: Go Blue	Read Replies (1) \| Respond to of 940

One more bit of press, from Information Weekly: ___Nothing Soft About PeopleSoft Financials___ PeopleSoft Inc. outperformed enterprise software rivals SAP and Baan in fiscal 1997, reporting yesterday that its revenue soared 81% from the previous year to $815.7 million. SAP and Baan previously reported revenue growth of 62% and 65%, respectively, for fiscal '97. PeopleSoft's net income tripled from the previous year's, to $108.3 million. For the fourth quarter, net income was up more than 20-fold from the year-earlier quarter, to $39.5 million, on 76% higher revenue of $260.6 million. "There are tons of reasons why this market is still growing, including increased global competition, beefed-up functionality for vertical markets, and shorter implementations times," says Bill Lanzon, a financial analyst with Dain Rauscher Inc. in Minneapolis. "I don't see this market slowing down anytime soon." PeopleSoft also announced yesterday that Boeing Co. will standardize on PeopleSoft applications for human resources, payroll, and benefits administration processes. The vendor is also starting to gain ground with its new manufacturing and supply-chain application. Bausch & Lomb, Hewlett- Packard, and 3Com all recently went live with that product.