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

To: gc who wrote (3424)	11/2/1998 6:07:00 PM
From: David W. Ricker	Read Replies (1) \| Respond to of 4509

gc - one word for why I am still bullish in this stock (long term): "nimble". Although, I have had my faith severely tested and shaken in the last few months by the stock performance and management's apparent misleading of the stockholders, I still believe in this company Item 1: I checked my notes on the conference call, and they said nothing of projected growth rates specifically for '99 and beyond. So I have forgiven them somewhat on this point. But this is water under the bridge. Looking forward.. Item 2: I use the PeopleSoft toolset every day, I am very familiar with the architecture, and both are excellent. I have implemented custom applications with the toolset extremely quickly. It is both robust and easy to use. At times I worry it will render folks like me who make their living in this fashion (programmer/analyst types) totally obsolete. I fully understand how PeopleSoft penetrated so many different industry spaces so quickly. It's the toolset and the architecture (and some key acquisitions of course). Item 3: Management has vision. They know how to leverage what they have. I am quite pleased with the direction the company is heading with its new business initiatives. (Yes, I believe the announcements made today will have major import on the company we will see tomorrow and in the next 5-10 years). In my book, the system architects book, these are major new initiatives. I still think this company could become the Microsoft of the business applications world in the next ten years, and and there will be a Microsoft of the business applications world in the next ten years. Item 4: Finally, I know people who work at PeopleSoft and they are of the highest quality, and they love to work there, and they have faith in the management. I have been involved in PeopleSoft implementations and the service has been of the highest quality. In summation: a superior product, quality people who love their jobs and are loyal to their company, visionary management, great service. These for me add up to a company that still has a very promising future. The stock price will follow. These are my reasons for being bullish on the stock. What are your reasons for being bearish?