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

To: jas cooper who wrote (3043)	10/21/1998 9:06:00 AM
From: Lutz Moeller	Respond to of 4509

briefing.com 08:55 ET PeopleSoft Inc. (PSFT) 25 3/4: Provider of enterprise application software posts a Q3 net of $0.17 a share, in line with the First Call estimate, vs year-ago profit of $0.11 a share. Stock indicated 6 3/4 lower after several firms downgraded issue, citing revenue growth and cautionary comments by company. DLJ cuts FY98 view from $0.66 to $0.62 and FY99 from $0.91 to $0.78. DLJ says visibility limited. Prudential cuts issue from "accumulate" to "hold" and Merrill lowers view from "buy" to "accumulate."