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

To: Melissa McAuliffe who wrote (1707)	7/29/1998 11:07:00 PM
From: Raptor	Respond to of 4509

If you have these numbers, you won't have to worry aboout PSFT anymore: 8, 39, 43, 45, 49, with Powerball 13 A single winner in Wednesday night's drawing could win -- before taxes -- $10 million annually for 25 years, or a lump-sum payment of $137 million.

To: Melissa McAuliffe who wrote (1707)	7/30/1998 9:16:00 AM
From: Elmer	Read Replies (1) \| Respond to of 4509

MM, I bought a starter position yesterday because on a price to sales and price to trailing earnings basis, PSFT is about as cheap as it has been in the last three years. I agree, however, that it could go a lot lower. To illustrate, I bought ORCL the day after they announced disappointing earnings when the stock traded down to $23/sh. On a price to sales and earning basis that was as low as it had traded in the previous 3 years. As you know, it continued to decline another 25% to $18 before it bottomed. So PSFT could do the same but if you stage your purchases from here it should be OK. I went to the company's web site and looked up their representations about Y2K. They claim that their products are compliant and always have been. This should avoid a lot of lawsuits that I think some other software vendors will face if their legacy systems fail in the next 17 months. The Y2K problem should keep PSFT's stock somewhat depressed over the next few quarters as many customers defer purchase of new systems and focus largely on making sure that their legacy systems work. So, there is a pent up demand for PSFT products that will start to be fulfilled in about 17 months. The question, however, is whether the pent up demand will be offset by a Y2K recession that some like Ed Yardeni are predicting. It's interesting. Regards David