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

To: growthvalue who wrote (2073)	9/2/1998 10:02:00 PM
From: GJD	Read Replies (1) \| Respond to of 4509

Per a DLJ report dated Aug 27th, PSFT's CFO had communicated that the 2nd q would be a low point for the co. and it has signs of sales execution issues related to typical 1st sale quarter diversion and fewer selling days. The co. is more optimistic about the future and the recent purcagse of 100,000 shares by Albert Duffield shows that. This Conf. call was scheduled on Friday and is to discuss general business conditions and to be attended by R. Codd and D. Duffield among others. It is likely to be a positive story about their prospects and not about the upcoming quarter. It is too early to say anything about this q and definitely don'tneed one week notice to warn about a quarter. Also don't need the whole mgmt. team to do it either. PSFT is known for its great mgmt., I can't believe one day before scheduling a supposedly negative conf call the CFO will be telling a positive story to DLJ. They would not ruin their reputation like that. This is a general conf. call about the ERP business and their prospects going forward. On MOnday when the mkt went down 500 pts, PSFT was up 1 pt. because of this announcement on Friday. If the mkt thought it would be negative PSFT could've easily been down several pts. in Monday's massacre.