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

To: space cadet who wrote (1833)	8/20/1998 4:13:00 PM
From: Neil H	Read Replies (1) \| Respond to of 4509

Good PR news today PeopleSoft Implementing Applications at Six of Top 10 Fortune 500 Telecommunications Companies PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 20, 1998--PeopleSoft, Inc., a leading provider of enterprise application software, is gaining momentum among the largest and most influential communications firms in the United States. Six of the top 10 Fortune 500 telecommunications companies - including Ameritech, Bell Atlantic, Bell South, and Sprint - are implementing PeopleSoft applications. ''Driven by deregulation, new technology, and competition, telecommunications companies are adopting new business strategies, including honing market segmentation techniques, decreasing time to market, lowering costs, and improving customer service,'' said Rob Rich, Senior Vice President of Telecommunications Research at the Yankee Group. ''PeopleSoft has a proven track record in successfully supporting communications companies' competitive strategies in this rapidly evolving marketplace.'' For example, before becoming a PeopleSoft customer in 1992, Bell Atlantic's 50 human resources systems made information retrieval difficult and time-consuming. ''To find a particular piece of information was almost impossible,'' said Ken Diaz, IT staff director for Bell Atlantic. ''To complete a simple employee transaction could take 21 days, or almost a full month.'' PeopleSoft consolidated employee information into one repository, integrated the database with a payroll system, and reduced the time of employee transactions from about a month to less than five seconds. That kind of efficiency gives Bell Atlantic tremendous cost savings. The telecommunications firm plans to use PeopleTools to develop systems for even greater efficiency. Bell Atlantic is one of more than 58 PeopleSoft communications customers worldwide. ''PeopleSoft enables companies to develop worldclass, differentiated business processes that embrace change rather than force standardization,'' said Art Schembri, director of Industry Marketing for PeopleSoft's Communications, Transportation, and Utilities Business Unit. ''Delivered on a scaleable, web-deployable processing architecture, these capabilities allow PeopleSoft to provide clear competitive advantages to growing and consolidating enterprises in the communications industry.'' Regards Neil

To: space cadet who wrote (1833)	8/20/1998 10:48:00 PM
From: Melissa McAuliffe	Read Replies (2) \| Respond to of 4509

Space cadet, Thanks for the explanation. With respect to psft stock price....I would be really really surprised to see psft at 25. Though as I said earlier today I wouldn't be surprised to see it go lower than it is right now. But 25 just seems ridiculous. I really think that what's happened here is that enterprise software stocks are just an out of favor sector right now. It's unfortunate but it's just how it is at this point. I think much of what happens going forward depends on this quarter's results....which are not for another two months...though i guess orcl and manu will report in sept. so that should be interesting. I want to buy some psft but I've been holding back waiting until I see the momentum start to pick up and it just isn't happening right now. I have no doubt that this stock will go back up. I just wish I could predict how low it might go first. But doesn't 25 seem ridiculously low? Though I must say that if someone had told me a month ago that itwo (which I happen to own at a much higher price) would see 18 I would have said that was absolutely ridiculous too....so don't listen to me.<g> I have also heard speculation that we will have another correction this year...(I'm not sure this one is over yet)....I don't know about anyone else but I'm getting a little tired of these corrections. We're barely finished with one and already they're talking about another one. Bring back the good old days.<ggg> Just one other point while I'm on a roll here. When you really think about it, 60% growth from a $1B company isn't exactly shabby. There has to come a point in every company's life cycle where their virtual size just makes it difficult to sustain the previous growth rate, don't you think? Melissa