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

To: Elmer who wrote (2782)	10/16/1998 3:06:00 PM
From: Elmer	Respond to of 4509

Lot of calls rolled over and purchased today. It may account for some of the strength.

To: Elmer who wrote (2782)	10/16/1998 3:44:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 4509

David, thank you for a very dispassionate view of PeopleSoft. Because I buy most of your arguments, I bought heavily earlier in the week. I do quibble with two points, however. The first is the potential saturation of the ERP market. I think that the market is so huge and growing so rapidly that it will be many years before we will view this as a mature market. Second, the assertion was made by LLcoolG that GS owned a lot of shares of PSFT, and subsequently sold them. Where is the evidence of that? I know of no major ownership position by GS. Do you? TTFN, CTC

To: Elmer who wrote (2782)	10/16/1998 5:07:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 4509

David, I noticed some weakness in July with regard to application software. Of course I didnt act on my suspicions and was in a few stocks that took a hit. At that point I realized that the ERP sector, and specifically Sap, was ripe for a dramatic decline. Some companies like Psft I never thought would be hit as hard as they have been because fundamentally I think psft has a lot of room to grow and take mkt share away from the other ERPs. I just decided to get out temporarily until the mkt realized that the mkt was maturing a little. I have had 2 short positions in Sap (I still have one) that have paid off... when I cover the Sap short I will probably buy some psft and sebl. That said, when momentum leaves a sector like it has enterprise sw you just dont get the moves you used to. When I become long again it will represent a smaller amt of my portfolio than in the past unless something changes. Yahoo and Aol seems like the place to be these days.