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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 (3738)	11/28/1998 5:23:00 PM
From: RetiredNow	Respond to of 4509

Hey Michelle, business is ok for my PSFT consultant friend. He personally has not seen a slowdown in the need for his services. However, he told me that he has talked to a lot of his friends who also had purchased PSFT and they were all worried about PSFT's ability to compete going forward. Not that it's a PSFT specific thing, more that with Y2K being the issue that looms on corporate minds the most, ERP expenditures are taking a big hit. The aftermarket for PSFT consultants is still hot, though. It's the licensing revenue that's taking the big hit. Really, he didn't tell me anything I didn't already know. He just reitereated it and said that most of the PSFT consultant friends he knows have sold their stock in PSFT. I decided to follow suit, because I believe there a lot of companies that will do well in the coming year including RMBS and CSCO, while PSFT will just languish until the Y2K thing passes. There may be pent up demand after 12.31.99, but I just had too much invested to let it sit around for that long. Anyway, good luck to you!