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


To: RetiredNow who wrote (3079)10/21/1998 11:41:00 AM
From: gc  Read Replies (1) | Respond to of 4509
 
Lots of bull kept talking in this thread about the "great fundamentals" of this company. Well, it was true. But not anymore. The shift of fundamental happened six months ago. The subtle sign showed up in its April earning report which prompted me to sell. The estimate has now come down as I have expected. But we have not seen the actual numbers yet. When we see it, then the stock may have reached its bottom. My prediction is low teens in 3 - 6 months. Of course, this is just one man's opinion.



To: RetiredNow who wrote (3079)10/21/1998 11:42:00 AM
From: nnillionaire  Read Replies (1) | Respond to of 4509
 
Mindmeld,

PeopleSoft 3rd qtr net up 54 percent, in line with Forecasts.
Revenue rose 62 percent to $351.3 million from $217.1 million.
Licensing revenue rose 30 percent to $147.3 million from $113.0 million.

biz.yahoo.com

Sure, a great short candidate. <VBG>