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

To: xfiles who wrote (2653)	10/13/1998 2:41:00 PM
From: Tom_	Respond to of 4509

All: just a wild thought... Would a stock buyback be something that PSFT would not want to reveal in a tech conference? I am just speculating. Mea culpa. Anyone less clueless than I am know if it's even a possibility? Hope, springing eternal. Tom

To: xfiles who wrote (2653)	10/13/1998 2:52:00 PM
From: mauser96	Read Replies (1) \| Respond to of 4509

Good point. I had forgotten about the BTAB report.The CEO's of larger companies have experts to advise them on possible stock market reactions to company announcements, but most smaller companies lack this kind of advice. Often it seems that management of these companies are completely surprised by market reaction to what they consider are routine announcements. Also company management is more interested in running the company than running the stock , at least in the short term. F.U.D. do make for great opportunities, but only if you can stay immune to it. I've found this easier said than done. BTW, I just spoke to my broker and he brought up the point that the market is being held down by 2 things 1) Mutual funds don't want to end the year showing a loss but having big taxable capital gains, so they are selling to realize losses to balance capital gains. 2) Corporations are beginning to anticipate a recession, so they are cutting expenditures for expensive items that can be delayed for a while. Expensive new ERP software would certainly fit this catagory of deferred expenses, so maybe the market is saying that while this quarter is fine, ERP companies are going to follow with a couple of down quarters until any fears of recession are cleared.

To: xfiles who wrote (2653)	10/13/1998 8:55:00 PM
From: Joe See	Respond to of 4509

Xfiles, PSFT isn't & shouldn't give BTAB the time of day. They downgraded them big time on nothing more revealed than rumor. I say it's a positive surprise & PSFT is playing it smart not discussing it, especially with Brown, who'd put their own self-serving spin on it. It's going to be great come number time when BTAB tries to explain how misguided their advice was & is. I'd be surprised if we didn't see several upgrades before the numbers come out.(Probably not before options expiration though, Friday the 16th). Oh well , we'll know soon enough. Best Regards