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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 (3311)	10/28/1998 11:32:00 AM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

Did I read that correctly? Is he saying license growth next year will be 11%. I find that hard to believe even in light of the current situation. But he's also the same one who had a price target of $70 until recently.

To: Tom Smith who wrote (3311)	10/28/1998 12:29:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

Tom S. What a turnaround by Skiba .. <UPDATED MSG> Is he playing the over-conservative PS role now? He puts down a target of only $25 for 12 months? Where is AMEX located? I mean corporate since they are likely everywhere. (IE where would project be located primarily?). I presumed it was Lockheed since they announced that contract same day as Q3 results. It must be big too. When did AMEX close? ============ Sorry, I think I misread .. you mean the cancelled / delayed services not the new sale which fell into Q4. Right?

To: Tom Smith who wrote (3311)	10/28/1998 12:29:00 PM
From: Wigglesworth	Read Replies (1) \| Respond to of 4509

<<Lehman maintains its Buy rating on PSFT, but cuts the 12-month target price from $70 to $25.>> My conclusion from reading several of their reports: Lehman bankrupts more investors than any other brokerage houses. And can someone teach their illiterate PSFT analyst how to spell? I keep on seeing his future referred to as tommorrow. For God's sake, it's TOOMORROW, stupid. Or, TWOMORROW.

To: Tom Smith who wrote (3311)	10/28/1998 5:41:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 4509

Lehman maintains its Buy rating* on PSFT, but cuts the 12-month target price from $70 to $25.* Whats wrong with this picture?

To: Tom Smith who wrote (3311)	10/28/1998 6:45:00 PM
From: RetiredNow	Respond to of 4509

Tom, thanks for posting Lehman's report. I am more confident than ever that we have reached a bottom with PSFT. When next year turns out not to be the end of the world, PSFT has only one way to go and that's up, now that expectations are so low. As to the precipitous drop off in licensing in the final two week of the quarter, that was the direct effect of the financial services firms slow downs due to the damage they are taking from their emerging markets portfolios. I expected that. So it is no cause for long term concern. Anyway, here's hoping for the best, but expecting the worst.