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

To: Elmer who wrote (3729)	11/28/1998 11:10:00 AM
From: Melissa McAuliffe	Read Replies (3) \| Respond to of 4509

I don't think this stock is going anywhere unless we get some really good news which I'm not personally counting on in the short term. By not going anywhere I mean I think it's going to be stuck in this 19 to 23 range. It's unfortunate but there is NO momentum whatsoever and I think that the institutional investors are finding better things to do with their money right now and possibly for the foreseeable future. It has nothing to do with a poor earnings performance or lack thereof. It's the forward guidance that the company has provided and until that outlook changes I don't see things changing.