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

To: Mr Logic who wrote (266)	3/21/1998 12:45:00 PM
From: Mr. Bob	Read Replies (1) \| Respond to of 4509

Not enough time to be confident in a Y2K solution? That's probably true. But it doesn't change the reality of the need for a solution. Do you think that everyone has it handled already? Yesterday in the Boston Globe there was an article about BankBoston and the 'year 2000 computer bug' as they called it. In the article they mentioned that according to Gartner Group, a consulting firm based in Stamford,Conn., THAT 30% OF AMERICAN COMPANIES HAD NOT STARTED WORKING ON THE PROBLEM YET! And what about when 2000 rolls around and the 'bug' rears it's ugly head? That can't hurt sales. PSFT isn't a Y2K company anyway, that's just gravy. People have been selling tons of application software for years without needing Y2K to spur sales. Then there's the EMU conversion, in fact everything Rick already said, especially about the staff, I know people who work there and all I ever hear is what a great company it is, great people, great products and on and on.. You sound like you're trying so hard to convince yourself, I know, you've got your balanced portfolio approach, but it just seems that there must be so many better shorts to balance it with! You must be sick of all the 'concern' you get from us PSFT lovers, kind of like your mother telling you to stop playing in the street, it's so much fun dodging the cars... well PSFT is a freight train, SO WATCH OUT!!! Seriously though, I would really like to thank you for your posts. They always inspire someone to rave about what a great company PSFT is!

To: Mr Logic who wrote (266)	3/21/1998 12:57:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 4509

Patrick, I don't know whether what I am about to say is true or not. It is conjecture at this point, so take it for what it's worth. From what I've been able to gather, it seems that the major factor hindering Peoplesoft is not the availability of potential new business -- it's the ability to perform timely. I get the impression that the biggest constraint on PSFT is capacity based on the number of trained consultants and specialists. This is probably true of its competitors also. That factor, coupled with PSFT's extremely conservative accounting, (remeber, deferred revenue gives us excellent visibility) leads me to believe that shorting this stock based on the possibility that it might miss its numbers by a couple of cents is really playing with fire. Regards, Paul