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


To: Tom Smith who wrote (3310)10/28/1998 9:50:00 AM
From: Tom Smith  Read Replies (5) | Respond to of 4509
 
Lehman maintains its Buy rating on PSFT, but cuts the 12-month target price from $70 to $25.

lehman.com

Does anybody have an idea about the "large financial services company" that cancelled its 8-figure implementation? My guess is that its American Express, since I know PeopleSoft beat SAP for that job and they are certainly large enough for a project of that size. Any other hunches on this?

Tom