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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 (3322)	10/28/1998 5:58:00 PM
From: Grabs	Read Replies (1) \| Respond to of 4509

I agree that the analyst at Lehman is screwed up. OKAY, growth will slow, but PSFT is not a dog company. While it may not grow at >60% per year anymore, 25-30% (and I think that's management being conservative) still is pretty good. Maintaining the buy makes sense from Lehman's perspective because (i) it's still a 25% upside from the price of $20, and (ii) if they ever want to do any sort of investment banking business with PSFT in the future, you don't cut the target price by $45 and cut the rating at the same time. IMO, most newswire reports regarding analysts state the opinion of the analyst more prominently than the price objective. Either way, this guy has gone from over aggressive to over conservative.