To: abhi who wrote (1638 ) 7/28/1998 1:32:00 PM From: David W. Ricker Read Replies (4) | Respond to of 4509
I don't make predictions on prices, I leave that to the brokers and soothsayers (often its hard to tell the difference). What I know is this, the product is superior and the industry space (if we can believe the experts) is wide open for the next several years. Packaged software is where the industry is going, I see no change in that, what I do see is a set of standards growing out of these various packages enabling companies on the same standard to more easily conduct business with each other. At some point a critical mass is going to take over, a single standard adopted, some vendor is going to explode, commerce will benefit by being able to conducted more business more easily (and productively) than ever before. It is simply the way we're going and I think PeopleSoft is going to be there. From where I sit it is a two horse race, from what I have seen, Oracle products (excuse my French) = turdware, SAP is strong but less agile than PeopleSoft (quite cumbersome actually). I don't know much about BAAN or J.D. Edwards, but my bet is on PeopleSoft. They may have to combine with a company or two (like SEBL perhaps?) to take on Goliath but I like the company's attitude. They're getting thumped because there's a lot of fools gold to be chased out there in the market right now. Everybody either wants the quick what I call "thin air" money (read "certain internet stocks") or is running for cover (like today). I don't think PeopleSoft is hanging in thin air and I actually think it is actually a good place to run for cover (p/e not withstanding). But again, I am a long term investor, not a trader.