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

To: Lizzie Tudor who wrote (3176)	10/22/1998 5:31:00 PM
From: gc	Read Replies (1) \| Respond to of 4509

"I can only imagine how tough it must be to be an analyst. " Actually, that is a pretty easy job. Just downgrade a stock at the bottom and upgrade it at the top. Don't you notice that? If there is no insider selling between the cc and the earning report, I would say there is no fraud on the part of management. However, it may not get them off the hook from a potential lawsuit. Those hungry lawyers must be circling around.

To: Lizzie Tudor who wrote (3176)	10/24/1998 1:12:00 PM
From: Edwarda	Respond to of 4509

It can be hell to be an analyst! Actually, Melissa Eisenstat at Oppie is not half bad on the research side of the equations. Just don't go for her ratings. I agree that PSFT did not try to mislead investors. The ERP slowdown should have been evident for months, but no one seemed to want to face it. (Remember what happened to CA's stock when the management told the world that Y2K and macroeconomic uncertainty might reverberate in mainframe software demand? It got slammed.) As for the outlook, I have a comment on the SAP thread. Synopsis: It gets worse before it gets better, even for the long-term winners such as PSFT.