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

To: hash who wrote (3190)	10/22/1998 10:53:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

I think I read this to say that Y2K issues are not a significant factor in spendinng for packaged applications in 1998. And 20% said they would be an issue in 1999 which first of all hasn't happened yet and is not nearly as large a % as some companies would lead us to believe. I have felt for some time now that this y2k issue is the new excuse that companies are using for lower numbers, missed earnings, etc. And it's a good excuse so why not use it while it's available. Now here's a point that speaks to PSFT's integrity. In the conference call they said they were not seeing Y2K as an issue. Then yesterday in his interview, Ron Codd said they didn't know what to make of the Y2k issue. At first I thought that was a ridiculous statement....but now I tend to think that PSFT just didn't choose to use Y2K as an excuse. They did, however, say something about market saturation in their report though I don't remember the exact words. So I think that these other companies that are using Y2K as their excuse are simply lying. They are also creating the impression that once this Y2K dust settles business will pick up which to me is really misleading to investors who don't know this business and rely on what these companies tell them. I think even today there were statements here that things would pick up in the second half of '99 after Y2K goes away. Even though PSFT never said Y2K was the problem. Interesting to note is that sebl, which doesn't see slowing growth also said they are not seeing y2k issues. I don't know what itwo said in their cc tonight about it,but I'm curious to find out. The problem in this ERP sector is saturation and the only way to fix this is to find new products or new markets...it's just that simple.....IMHO, of course.