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

To: AlienTech who wrote (2358)	10/2/1998 11:02:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 4509

fwiw, here's a bit more news. i'm not in, simply following this one for sometime, lurking in the shadows. for those with a long-term perspective, this could be a gift. Peoplesoft Falls on Concerns Over Licenses, Competition Bloomberg News October 2, 1998, 7:28 a.m. PT New York, Oct. 2 (Bloomberg) -- Peoplesoft Inc. shares fell as much as 27 percent on investor concern the No. 2 maker of applications software may not be able to sell as many licenses as expected amid pressure from German rival SAP AG. Shares of the Pleasanton, California-based company fell 8 1/2 to 24 in midmorning trading of 15.9 million shares, more than triple the three-month daily average. Earlier, the stock touched a 52-week low of 23 5/8. "The overall Enterprise Resource Planning market is slowing from past years," said Edward McCabe, an analyst with CIBC Oppenheimer. "There's some concern about slowing license growth across the board in ERP." Peoplesoft was downgraded to "neutral" from "strong buy" by Morgan Stanley Dean Witter & Co. analyst Charles Phillips and to "market outperform" from "recommend list" by Goldman, Sachs & Co. analyst Richard Sherlund.

To: AlienTech who wrote (2358)	10/2/1998 11:03:00 AM
From: Satyr	Read Replies (1) \| Respond to of 4509

if it was still growing at 100% do you think it would be here? and eps is usually done on past earnings. Basing it on future earnings is just a way to justify unrealistic prices.