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

To: Tom Hwang who wrote (2082)	9/3/1998 11:55:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 4509

Tom, I've got a different spin on the conference call than the rest of you. Now bear in mind that I'm an inveterate cynic. Most of the people on this thread are long term investors, so as I said before, the daily price gyrations mean little in reality. They are more a test of our intestinal fortitude than anything else. But there is a group of people for whom the stock price is very meaningful. I refer of course to employees holding options. With the recent plunge in the stock price, it is entirely possible that many of those people will net little, if anything, from the exercise of the options and subsequent sale of the stock. Since this kind of activity represents a significant portion of the compensation for employees of tech firms, it seems to me that the real target of the cc is indirect employee compensation. If that's the case, it seems to me that Duffield has one of two choices: either jawbone the price of the stock up through a cc, or reprice the options. Any thoughts? TTFN, CTC

To: Tom Hwang who wrote (2082)	9/3/1998 12:04:00 PM
From: nokomis	Respond to of 4509

If Dave Duffield's wife Cheryl is buying up shares madly - and this is what I am told, it should be interrpreted as a very positive sign...when Pres told them (employees) to keep the faith, it was supported by his reiteration that management is extremly confident of their business prospects, that they intend today to "quell any market rumours" because there is "no inside story", I think this is very upbeat...employees AND the market need to be reassured that, in management's view, PSFT is doing very well and their depressed stock price is due mainly to "unusually wild markets". I cannot see the market reacting adversely to PSFT taking the initiative to host their first every 'comfort' telecon. To the contrary, I, as a long investor, am pleased that they are doing it. With all their new business coming through the doors, I am sure the next quarter will not dissapoint - let's hope we have some market stability by then to complement the growth news.