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

To: Raptor who wrote (3069)	10/21/1998 10:51:00 AM
From: Melissa McAuliffe	Read Replies (4) \| Respond to of 4509

If you go back and look at stocks that have had bad news, it seems as if they drop the first day but that isn't the bottom. Unfortunately, I have too much first hand experience on some of these. So, fwiw, I doubt we've seen the bottom here. Tomabre---I have a question about the tax loss selling. If I understood your recent post you indicated it would be over by 11/2. Is that accurate? I thought it lasted longer than that....

To: Raptor who wrote (3069)	10/21/1998 10:53:00 AM
From: Tom_	Respond to of 4509

Settling at 19.5?... Raptor, maybe, but... It's only an hour into the trading day and the NAZ is flat. And it's been my (limited) experience that these kind of drops don't end in one day; the lion's share comes out on day one, but then there are smaller following droplets, aftershocks if you will. The good news, IMO, is that 30% (plus or minus) growth is superb and will inevitably float us back up again. And, for the trader half of me, PSFT becomes a safer trading vehicle down here. Tom

To: Raptor who wrote (3069)	10/21/1998 11:00:00 AM
From: ratlong	Read Replies (1) \| Respond to of 4509

I am very surprised to see such a substantial slow down for next year. My estimates would have been that companies facing crunch time with Y2K would be buying new products instead of spending money converting crap. I also don't think this is the end of the bad news for PSFT. The thing that keeps jumping out at me is 3000 new employees last year and reportedly another 3000 employees this year. They are going to have to let alot of these people go- they were hired based on estimates of 2X the projected growth rate. Also, they now have to start managing their money more effectively. They are notoriously liberal with their employees. Sorry for the analogy, but Waco and Jonestown just struck Pleasanton. PSFT employees are prime bait for other companies in the region. It was a cult out there with everyone in their Peoplesoft backpacks... I doubt that culture will last. They talk about the upward HR spiral with MSFT. Good company with good upside draws smart people which makes company better which draws more smart people which drives upside higher. Well, PSFT just lost that battle. There are too many good jobs with kick ass start ups in SF that offer big equity potential and huge upside to stick with a company where options are dead money for 12 to 18 months. PSFT is in the sin bin with Wall Street and will be with employees very soon. I am holding what I have but not going to buy unless it goes below 16...