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


To: Melissa McAuliffe who wrote (3162)10/22/1998 1:07:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 4509
 
Melissa, I'm feeling that there is going to have to be a massive change in investor psychology in order to effect meaningful appreciation of this company. While I continue to believe that the fundamentals are bright over the long run (which means after we pass the hump of the next year or two), it may take significantly longer than that to buoy the stock. The reason, in my mind, goes beyond the general issue of the direction of the ERP market, and its growth. It really speaks to the sudden drop in credibility I feel that management suffered as a result of that absolutely awful conference call.

Duffield needs desperately to work on repairing his integrity with shareholders. Up until recently I took his pronouncements almost (but not quite) as a matter of faith.

TTFN,
CTC



To: Melissa McAuliffe who wrote (3162)10/22/1998 1:38:00 PM
From: grace  Read Replies (1) | Respond to of 4509
 
Melissa, I don't see any movement from PSFT either. This will be a very boring stock in next two months. During this time period, I think that it will settle in the range of $23.50 +/- $2.00, upside rather than downside. If the market really deteriorates, it may settle at $15.5, but I doubt it happens. I will put PSFT in the back burner for the time being.

Good Luck