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

To: Trader Dave who wrote (3397)	10/31/1998 10:20:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

TD, I am about the last person to comment on what's next after client server. I rely on people like Michelle, ttf and others for that. All I can do is listen to what they say and then try to figure out what it means to the business. There was a very interesting discussion on this thread within the last week or two about this. I agree with you totally about the front office space vs. back office and prior to this discussion I couldn't figure out where PSFT's next wave of growth would come from. All I kept saying was that I thought they should buy a SFA company because that was all I could come up with and I'm sure that people on this thread were getting tired of hearing it. But after reading the posts, in particular one by ttf, in which he said he would expect to pay dearly for applications utilizing this new technology (which of course had to do with the web) it made me think that there is something out there after client server that doesn't necessarily have to do with front office applications. I don't even think it's probably accurate to say after client server because I'm not sure client server is actually going away. But I do know that made me feel a lot better about PSFT's potential than I did before reading it. I could be totally off base about all this. I know that. But I've always liked PSFT and I am not sitting here thinking the stock is going to double in twelve months. I'm simply trying to be realistic since I'd rather have a pleasant surprise than be disappointed. I know the hypergrowth phase is over and PSFT is a different type of investment from that perspective. But I figure in the absolute worst case scenario, the company will be around, it will grow and if perchance they are truly the visionaries I think they are and can catch the next wave then they may grow a lot more than anyone expects right now which is why I bought the stock at this price. The last thing I'm looking for is fallen angels but in this particular case I think that maybe this angel has the ability to spread it's wings and fly again. The angel is a little older now so maybe won't fly so high and so fast as it did when it was younger. But I don't expect that. I think that right now if PSFT can simply show the investment community where they see the future going and how they plan to participate in it that the stock will move up from where it is... What's happened is that right now no one really knows what to think because they haven't told anyone so all anyone knows is what they see today. Which is why I think the stock price is where it is right now. I figure at least I don't have to worry about the stock price dropping 50% or more like some of the stocks I've owned. And I really do think the price will go up or I wouldn't have bought it. So I think my risk is very minimal and of course for that lower risk my reward will be less than what I anticipate from e.g. sebl. Though I don't see sebl as very risky either at this point. Though I know that could change so I just try to stay on top of what's happening as best I can.