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

To: Lizzie Tudor who wrote (1848)	8/21/1998 4:58:00 PM
From: Chuzzlewit	Respond to of 4509

Michelle, I received two e-mails from someone friendly with a second level PSFT manager. He is not a member of SI, so he cannot post directly. With his permission I am posting the contents of those e-mails: I saw your posting in Silicon Investor on PeopleSoft. I talked to my friend who works there as a 2nd-line manager the other day. My friend wouldn't say for sure that Y2K would leave them unscathed, but said that they probably would have seen problems already if Y2K was going to hurt them in a major way. After all, it takes a couple of years to really roll out a PeopleSoft app. He added that if they do hit a few bumps in the road because of Y2K, then it's only a short-term thing anyway with a fixed time horizon. All in all, he sounded upbeat. As for the stock's short-term prospects, he said that the insider buying by Albert Duffield has to be viewed positively. After all, Albert is the head of sales. Perhaps you could post something about A. Duffield being the head of sales. That's something I didn't know until I talked to my friend... I mean, if anyone should knows how things are going... >From PeopleSoft's 10K: Mr. Albert W. Duffield joined the Company in June 1990 as Vice President of Sales. Mr. Duffield was appointed Vice President of Operations in September 1991, and was appointed Vice President of Sales and Marketing in February 1993. In November 1993, he was appointed Senior Vice President of Sales and Marketing, and, effective January 1994, he was appointed Senior Vice President of Worldwide Operations. TTFN, CTC