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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Paul Marley who wrote (164)	3/8/1998 10:55:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

Paul Marley .. What coincidence! I, too, bought first PS shares at that time. About $5.50 per share split adjusted. Unfortunately, I didn't invest sooner and also my first purchase was only a measly 100 shares. I don't know what you mean by 'crystalized' your Cdn. side of RRSP (obviously self-directed) account. Do you mean you liquidated to cash? PSFT is a great RRSP holding for foreign content. They have no dividends, so the original cost base (book value) NEVER CHANGES!. As you should know, when there is a dividend distribution, the book value is recalculated. Having no recalculation on PSFT is very advantageous because of its phenomenal growth. For example, PSFT does not at this time represent even 10% of my RRSP book value, but is over 35% of its market value! Remember, your 20% foreign content limit is based on book value. I will be buying more PSFT for my RRSP to use additional room available. Are you considering book value or market value when you say you are maxed out on the 20%? I am guessing that you are like me - the vast majority of my PSFT holdings are outside RRSP in personal and trust accounts. I just wish it was offshore, but that's another topic! GEAC - well I shake my head over that story. I can't believe the acquisition of DBS sent that company soaring. I guess I could say I wish I had been aware that would happen and it would have been nice to be along for the ride. If I was though, I would be sold out now. I just don't see how they can sustain on DBS (I also don't know what else is making them money). I do know they made changes after the buyout which got them huge increases in maintenance fees and they had many clients over the barrel. My observations for many years (pre-sale by D&B) is that there is a net outflow of DBS clients to other products - like PeopleSoft. I feel GEAC is saddled with an out-dated software system from DBS and it will eventually hurt them. I bet by then they will have milked the cow and dumped it off. I do not know what else they make money at. Anyway, it looks like they are savvy for shareholders, but I wouldn't want to be a customer. Anyway, that's my two cents. BTW, I also wouldn't invest in Genesis, Cyborg, Integral, etc. Say, if you don't mind, what do you do for a living - there isn't any info in your SI bio.