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Strategies & Market Trends : STEAMROLLER'S DAYTRADES -- Ignore unavailable to you. Want to Upgrade?


To: STEAMROLLER who wrote (743)9/4/1998 8:42:00 PM
From: STEAMROLLER  Respond to of 1561
 
The Motley Fool's Market Movers (Heroes)

The Motley Fool - September 04, 1998 19:58

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September 4, 1998/FOOLWIRE/ -- Fire in the hole! Gold mining
stocks of all shapes and sizes struck it rich today, benefiting from several
sources of positive news. First, the price of gold made some of its biggest
gains in recent memory this week, helped in part by the declining value of
the dollar against other currencies. Since gold is priced in dollars, any
slide in the dollar enables foreign buyers to come into the market and get
more gold for their deutsche marks or yen, helping to boost the commodity's
price. Several wire services also reported that short sellers were covering
their gold positions ahead of the holiday weekend, contributing to higher
prices. Among the gainers, Newmont Mining (NYSE: NEM) added $2 3/4 to $20,
Barrick Gold (NYSE: ABX) rose $1 1/2 to $16 3/4, Homestake Mining Co.
(NYSE: HM) advanced $15/16 to $12, Placer Dome (NYSE: PDG) climbed $1 1/4 to
$11 5/16, and Getchell Gold (AMEX: GGO) moved up $1 3/4 to $13.

Shares of electronic design automation (EDA) tools developer Avant! (Nasdaq:
AVNT) jumped $2 1/16 to $13 7/8 today on news that rival Cadence Design
Systems (NYSE: CDN) will buy privately held system-on-a-chip design tool
maker Ambit Design Systems for $260 million in cash. The deal throws
Avant!'s name into the ring as the next potential merger target in the
rapidly consolidating EDA sector, which is positioned to take advantage of
the advent of the much-ballyhooed system-on-a-chip. One rumored potential
acquirer is design tools and verification systems maker Synopsys (Nasdaq:
SNPS), which gobbled up former EDA players EPIC Design Technology and
Viewlogic Systems last year and ate privately held Systems Science for
dessert in July. The speculation stole the thunder away from last night's
news out of Cadence, which rose $5/16 to $22 13/16. Synopsys finished the
day down $1/8 to $30 1/2.

PeopleSoft Inc. (Nasdaq: PSFT), the number two provider of enterprise
application software for business, gained $1 3/8 to $30 15/16 after
reiterating its positive outlook for the balance of its fiscal year (and
beyond) in a conference call last night. The company reaffirmed its
expectation that total revenues in the third quarter will grow 60%
year-over-year and that cumulative 1998 results will see top-line growth in
the range of 60-65% compared with 1997. As well, PeopleSoft forecast 1998
operating margins in the company's target range between 18-20%. Nothing new
here -- it seems that PeopleSoft just wanted to clearly articulate its
present business position in the wake of six months worth of inquiries
regarding its operations and the enterprise resource planning (ERP) market
as a whole. Nonetheless, PeopleSoft's keen management of its diverse
businesses may warrant a closer look by investors.



To: STEAMROLLER who wrote (743)9/4/1998 8:43:00 PM
From: STEAMROLLER  Respond to of 1561
 
PeopleSoft Reaffirms Outlook

The Motley Fool - September 04, 1998 12:45

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September 4, 1998/FOOLWIRE/ -- PeopleSoft Inc. (Nasdaq: PSFT),
the number two provider of enterprise application software for business
gained $2 5/16 to $31 7/8 this morning after reiterating its positive
outlook for the balance of its fiscal year (and beyond) in a conference call
last night. The company reaffirmed its expectation that total revenues in
the third quarter will grow 60% year-over-year, and that cumulative 1998
results will see top-line growth in the range of 60-65% compared with 1997.
As well, PeopleSoft forecast 1998 operating margins in the company's target
range between 18-20%. Nothing new here -- it seems that PeopleSoft just
wanted to clearly articulate its present business position in the wake of
six months worth of inquiries regarding its operations and the enterprise
resource planning (ERP) market as a whole.

Systems management software has grown in tandem with the applications
market. Client/server's rapid acceptance hinged on its flexibility, and as
it progressed, the complexity of performing systems management tasks
increased dramatically. With respect to the enterprise resource planning
market as a whole, PeopleSoft cited recent forecasts made by AMR Research
that ERP is set to grow at a compound average rate of 37% over the next five
years, with license revenues growing 33% and service revenues set to grow by
45%. PeopleSoft's second quarter yielded some pretty sweet growth on these
various fronts as revenue from services came in at $172 million, up 97% from
the same period last year, while license revenue grew 53% from the prior
year and maintenance revenue increased by 97% year-over-year, to $68.1
million.

Investors need to decide how they want to value the services business
associated with ERP companies. As the complexity mounts, ERP customers are
forcing vendors to manage implementation projects and get more heavily
involved on the ancillary services side of things. As many commentators have
noted, the consulting engagements that are emerging from this trend are
resulting in improved customer satisfaction levels and subsequently,
increased follow-on product sales. The thing is, the consulting business is
growing more quickly than license revenue for almost every vendor in the
enterprise software business. Seeing how PeopleSoft is managing its
financial software business, online transaction processing applications, and
the growing opportunities it is creating in the international space
(PeopleSoft 7.5 will be key), it is definitely worth a closer look for
investors unafraid of untangling a segment with lofty valuations.



To: STEAMROLLER who wrote (743)9/4/1998 8:44:00 PM
From: STEAMROLLER  Respond to of 1561
 
-PEOPLESOFT: Leading manufacturing companies choose PeopleSoft to
provide complete ERP solutions

Presswire - September 03, 1998 13:37

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M2 PRESSWIRE-3 September 1998-PEOPLESOFT: Leading manufacturing companies choose PeopleSoft to provide
complete ERP solutions (C)1994-98 M2 COMMUNICATIONS LTD

-- Twenty-eight new customers join PeopleSoft's manufacturing client base

Leading manufacturing companies are choosing solutions from PeopleSoft, Inc. to run their operations. During the second
quarter of 1998, PeopleSoft signed 28 manufacturers including Eagle Family Foods Incorporated, Borden Foods, National
Steel Corporation, Pfizer Central Research and Silicon Graphics Incorporated.

"PeopleSoft's rapid expansion in manufacturing demonstrates that companies are looking for a complete enterprise solution,
including both transactional and strategic planning capabilities," said Jeff Carr, vice president and general manager, PeopleSoft
Manufacturing Business Unit. "PeopleSoft is providing proven solutions to help manufacturing companies run efficiently and
make the most effective strategic business decisions possible."

Borden Foods Implements PeopleSoft Solutions to Streamline Business Processes Throughout the United States and Canada

To manage its rapid expansion and multiple locations, Borden Foods Corporation, a leading producer of food products,
needed an enterprise resource planning (ERP) solution that would reduce the number of operating platforms and applications
necessary to run a complete manufacturing enterprise suite. PeopleSoft's Manufacturing, Supply Chain, Distribution, Financials,
and HRMS applications will enable Borden Foods to reduce their operating systems from four to one and reduce their 110
applications to fewer than 20.

"Borden Foods required a solution that was adaptable to our growing business needs," said Tom Nance, vice president of
systems and business process integration for Borden Foods. "Not only will the PeopleSoft's solution provide a flexible platform
for future growth, it will also eliminate non-productive costs by integrating redesigned business processes across North
America."

Eagle Family Foods Chooses PeopleSoft to Build Supply Chain Infrastructure

Formed in January, Eagle Family Foods Inc., a leading U.S. distributor of family foods, had no Information Systems
infrastructure and needed an enterprise solution to process orders, track inventories, plan production cycles and operations
throughout its supply chain and provide financial measurements and results. PeopleSoft Manufacturing is a key component that
will help Eagle Family Foods address supply chain issues including planning, optimization, collaboration and execution in all
seven of its company locations.

"Eagle Family Foods needed an enterprise solution that is easy to implement, change and maintain, enabling the company to
manage all aspects of the manufacturing cycle," said Ken O'Brien, vice president of information services of Eagle Family
Foods. "PeopleSoft's solution meets all of Eagle's needs and provides unmatched flexibility with a quick implementation
period."

PeopleSoft Solutions for Manufacturing

PeopleSoft provides a broad range of solutions for manufacturers, including PeopleSoft Manufacturing, Supply Chain,
Distribution, Financials, and HRMS applications. To date, PeopleSoft has more than 350 customers in the manufacturing
industry, including QUALCOMM Inc., Packard Bell NEC, Green Mountain Coffee Roasters, CIDCO, Harcourt Brace and
Company, Corning, 3Com Corporation, Bausch & Lomb and Cognex.

About PeopleSoft

PeopleSoft (NASDAQ: PSFT) is a global supplier of enterprise application software for business, education and government.
PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than
2,500 customers worldwide. Headquartered in Pleasanton, California, PeopleSoft employs 6,000 people and had 1997
revenues of $815 million. PeopleSoft is on the World Wide Web at www.peoplesoft.com.

PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, and PeopleBooks are registered trademarks, and
PeopleTalk and We work in your world. are trademarks of PeopleSoft, Inc. All other company and product names may be
trademarks of their respective owners.



To: STEAMROLLER who wrote (743)9/4/1998 8:45:00 PM
From: STEAMROLLER  Respond to of 1561
 
-PEOPLESOFT: Virginia and Wisconsin College Systems license
PeopleSoft enterprise applications

Presswire - September 02, 1998 13:24

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M2 PRESSWIRE-2 September 1998-PEOPLESOFT: Virginia and Wisconsin College Systems license PeopleSoft enterprise
applications (C)1994-98 M2 COMMUNICATIONS LTD

-- PeopleSoft signs five system-wide contracts in second quarter

PeopleSoft, a leading provider of enterprise application software, today announced that the Virginia Community College
System and the Wisconsin Technical College System have licensed PeopleSoft Financial Management for Education and
Government, Human Resources Management for Education and Government, and Student Administration. The licenses are
among five system-wide agreements for PeopleSoft in the second quarter.

PeopleSoft signed a total of 89 new higher education license agreements in the second quarter of 1998 including Kentucky
Community and Technical College System, Rhode Island Office of Higher Education, Galveston Community College,
University of California Berkeley, and University of Southern Mississippi. To date, 313 colleges and universities have licensed
PeopleSoft applications.

Virginia Community College System to facilitate Web-based education with PeopleSoft

Virginia Community College System (VCCS), which includes 23 colleges and 38 campuses, licensed PeopleSoft to take full
advantage of the technological advancements it has made system-wide over the last two years. Despite having an advanced
network and widely available computing resources, VCCS has still been performing many processes manually because of the
limited functionality and deployment of its 15-year-old legacy student information system.

"Our old software system could only accommodate a small group of faculty and staff," said Larry Hengehold, vice chancellor of
information technology services for VCCS. "With PeopleSoft Student Administration, we can take advantage of the enhanced
technological environment and provide more of our customers -- students, faculty and staff -- with greater and more flexible
access to information."

On the cutting edge of distance learning techniques, with more than 100 courses being taught using bi-directional audio and
video between the colleges, VCCS also plans to use PeopleSoft's Student Administration system to facilitate and track student
participation in Web-based distance education courses, designed so that students can take them on their own schedules.

Wisconsin Technical College System to implement better business practices with PeopleSoft

To meet common administrative challenges, a consortium of colleges in 11 out of 16 districts in the Wisconsin Technical
College System (WTCS) has selected PeopleSoft Student Administration, Human Resources Management for Education and
Government, and Financial Management for Education and Government. Each district was growing larger and more
sophisticated, while running aging homegrown systems, and facing Year 2000 issues. The colleges faced stiff competition for
students, and shared the need to enhance student services by utilizing the power of an integrated database environment.

"The consortium determined that licensing one system for all of the schools and developing common business practices would
allow the schools to share resources and offer improved services to students," said Greg Wagner, deputy divisional
administrator for finance and planning and standing vice chair of the WTCS consortium.

Fox Valley's Terri Todhunter, chief financial officer; and Bob Darula, vice president of student services, said one of their
primary reasons for choosing PeopleSoft applications is that they are user friendly and offer a higher degree of flexibility.
Screens, workflow, queries and report designs can easily be modified to the meet the requirements of the end-user, and
PeopleSoft's tools give our staff and students the power to make better and faster decisions, they said.

Using PeopleSoft's Student Administration system, WTCS plans to automate many services for students and strengthen its
degree auditing program to detect early problems, advise students better and improve student retention.

About PeopleSoft

PeopleSoft (NASDAQ: PSFT) is a global supplier of enterprise application software for business, education and government.
PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than
2,500 customers worldwide. Headquartered in Pleasanton, California, PeopleSoft employs 6,000 people and had 1997
revenues of $815 million. PeopleSoft is on the World Wide Web at www.peoplesoft.com.

PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, and PeopleBooks are registered trademarks, and
Red Pepper, PeopleTalk, and "We work in your world." are trademarks of PeopleSoft, Inc. All other company and product
names may be trademarks of their respective owners. Copyright 1998 PeopleSoft, Inc. All rights reserved.



To: STEAMROLLER who wrote (743)9/4/1998 8:48:00 PM
From: STEAMROLLER  Respond to of 1561
 
PeopleSoft rises after conference call
By Brenon Daly, CBS MarketWatch
Last Update: 4:37 PM ET Sep 4, 1998NewsWatch

PLEASANTON, CALIF. (CBS.MW) -- PeopleSoft shares rose 4.7 percent Friday
after the company's chief said in an unprecedented conference call that
business is going "exceptionally well."

During the after-market call, PeopleSoft (PSFT) reiterated its target of
increasing sales next year by 60 to 65 percent. The company's operating
margin should be between 18 to 20 percent.
Breaking NewsU.S. stocks mixed before the holidayEnd of strike boosts
payrolls 365,000NYSE amends arbitration policyStockWatch: Reaching for
the skyIrwin Kellner: To eas or not to ease More top stories...CBS
MarketWatch ColumnsUpdated:
9/4/98 11:42:44 AM ET

Chief executive Dave Duffield said the company has been signing key
contracts with large global companies.

Slight slowdown

PeopleSoft shares slumped to a 52-week low amid concerns that the
company's torrid growth rate is slowing.

In the most recent quarter, software sales increased 53 percent, down
from a 70 percent increase in the second quarter of 1997.

Sales of PeopleSoft software will slow to 45 - 50 percent for the third
quarter and drop to 35 percent in 1999, projects Goldman Sachs analyst
Rick Sherlund.

Total revenue, however, will be helped by PeopleSoft's emerging services
business.

Market (de)capitalization

In Friday trading, PeopleSoft stock added 1 3/8 to 30 15/16.

Robert Kugel, analyst at FAC/Equities - First Albany, rates PeopleSoft a
"buy," adding the stock has "a lot more strength that it is given credit
for." He sees shares hitting 45 inside a year.

Shares have dropped from above 50 over the past two months, erasing
about $5.8 billion in market capitalization from the company.

The decline has also taken a large chunk out of the wealth from
PeopleSoft's top executive. Chief executive Duffield has lost about
$1.15 billion as the stock has slipped.

Duffield owns about 52.5 million shares -- 23 percent of outstanding
stock -- in the company, according to The Carson Group, which keeps
track of large stock holdings.

Duffield and chief financial officer Ron Codd hosted the call. The
company doesn't hold teleconferences discussing its quarterly results.

Widespread woes

The concerns that have shelled PeopleSoft have spread to other companies
that make software to automate many business functions.

Consider that shares of both Baan (BAANF) and Oracle (ORCL) are within 2
points of their 52-week low. American Depositary Shares for SAP (SAP)
have lost nearly one-quarter of their value since listing on the NYSE
at the beginning of August.

SAP is the largest so-called enterprise resource planning software
company, with a 24.9 percent share of the market. PeopleSoft is the
second-largest company with 8.5 percent share, just ahead of Oracle's
8.4 percent, PeopleSoft said during the call.
Brenon Daly is a reporter for CBS MarketWatch.

c 1998 MarketWatch.com, L.L.C. All rights reserved. Disclaimer.
MarketWatch.com is a joint venture of CBS and Data Broadcasting
Corporation.
CBS and the CBS "eye device" are registered trademarks of CBS Inc.



To: STEAMROLLER who wrote (743)9/4/1998 8:50:00 PM
From: STEAMROLLER  Read Replies (1) | Respond to of 1561
 
Subject 19167