Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Player who wrote (3135)	10/21/1998 9:26:00 PM
From: Jay Rommel	Respond to of 4509

Here is an article back on 9/4/98 PeopleSoft Inc. (Nasdaq:PSFT - news) , the number two provider of enterprise application software for business gained $2 5/16 to $31 7/8 this morning after reiterating its positive outlook for the balance of its fiscal year (and beyond) in a conference call last night. The company reaffirmed its expectation that total revenues in the third quarter will grow 60% year-over-year, and that cumulative 1998 results will see top-line growth in the range of 60-65% compared with 1997. As well, PeopleSoft forecast 1998 operating margins in the company's target range between 18-20%. Nothing new here -- it seems that PeopleSoft just wanted to clearly articulate its present business position in the wake of six months worth of inquiries regarding its operations and the enterprise resource planning (ERP) market as a whole. fnews.yahoo.com You guys decide whether PSFT was misleading everyone 45 days ago. I can't believe mgt. couldn't see this sht coming.* What the hell kinda software are they using to forecast their financials? Hi Michelle, sorry to hear about your situation. I like Ramen too, but I only pay .09 here in Chicago.