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

To: Tom Smith who wrote (2480)	10/4/1998 3:01:00 PM
From: Chuzzlewit	Respond to of 4509

Sorry I did not give you proper attribution Tom. If your interpretation is correct then we could see a humongous turnaround in the stock price in two quarters as your projected scenario become apparent to the analyst community. But even if it is the other way around, i.e. SAP price cutting being the trigger, I don't see this as a negative for PeopleSoft. In fact, the trigger for price-cutting by SAP was that they could not effectively compete at their current pricing. This is altogether different from taking advantage of price elasticity of demand, where dropping prices is used to increase profits by stimulating additional demand. This seems to be more akin to a reaction to lost sales that had been expected but did not materialize. Thanks again for your yeoman's effort in transcribing parts of the conference call. It is greatly appreciated. TTFN, CTC