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

To: gc who wrote (1927)	8/26/1998 6:12:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

gc .. I must reply - if for nothing else than for those not familiar with the history. I have no problem with you or anyone else posting here with negative opinions on PeopleSoft. You know very well that what got us riled here was your attitude in posts, choice of language and the personal feuding which went on. Please feel free to post anytime - as long as your posts resemble the most recent ones and not the drivel we had to endure 2-3 months ago. To pick up on Melissa's reply to you, I too am curious as to why you think mid-1999. Normally, when a sector falls out of favor, it does not last for a year. This market has shown great resiliency and ability to rebound. PS is sound and will be back well before then. I think they will have the financial results to justify a higher stock price. I know this won't likely convince you, but let's see who is right in the long run.

To: gc who wrote (1927)	8/26/1998 8:46:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

gc, I have to disagree with your statement about the stock being poised for a big drop in April. The stock went from 34 to 57 in a period of 3 months. Then when Q1 earnings were announced they weren't as much as maybe some had hoped but they were certainly respectable by any standards. The stock settled into a trading range and then moved back up to 52 in July. I'll agree with you that the chart in April didn't look great but it didn't look like the stock was going to 35. In fact from April to July it had good support in the low 40's. There were more than a few things that happened in July that no one could have possibly predicted. SAP announced lower growth rates, PSFT announced 60% (though quite honestly I think they had said this much earlier in the year also though no one heard them obviously), itwo issued warnings about Q3, vntv had a terrible quarter, the world economic situation started turning into a global monetary crisis, etc,etc. So unless you have a crystal ball or are Jeanne Dixon in disguise there is no way in April you could have known that psft would go to 35. Because, IMO, it wouldn't have happened had not all these other things occurred causing the entire erp sector to fall out of favor in what is an ugly market anyway. Melissa