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

To: Lutz Moeller who wrote (3868)	12/14/1998 4:07:00 PM
From: go_bucks	Read Replies (1) \| Respond to of 4509

Thread: I became a PSFT stock owner today at 18 1/16. Not sure if this has been posted.. but I got it from the free ML research site at askmerrill.com Near-Term Clouds But Signs Of Life In ERP The same issues that PeopleSoft highlighted in its 3Q 98 business discussion are still there: Y2K, tight global economic environment, competitive pricing. CFO Codd was candid, stating that the drop in visibility seen at the close of the September quarter has not improved. In a data point that we had not heard before, however, the company indicated that its pipeline of qualified business opportunities had increased by 10% sequentially from July 1 st to October 1 st , the first such increase in 12-months. Codd voiced his opinion that the industry was currently in the depths of Y2K problem-solving, and would likely begin to emerge in 1Q or 2Q 99, according to some customers that are beginning to revisit projects that had been put on hold. There was by no means a post-Y2K stampede to new projects, but Codd indicated that he did not believe a “Nuclear-winter” of spending declines will hit the market in 2H 99.

To: Lutz Moeller who wrote (3868)	12/14/1998 7:15:00 PM
From: Elmer	Respond to of 4509

Hi Lutz, Please don't buy this stuff on my recommendation. I'm very long and have continued to buy on weakness, which will be a home run if I right. However, I may not be right. Also, you have to be very different sort to see a stock continue to drop and view it as an ever improving opportunity. Most people have trouble doing it because its too unsettling. Today's or Tomorrow's market price becomes the future reality. They don't see thing as potentially turning. I've been very successful buy dips but I've never run into a real disaster like, for instance, an accounting fraud or a company that quickly loses its market. If it happens here, a bunch of years profit will evaporate. But its worth the risk in my calculus. One thing about doing, though, is it's never dull. I expect the fireworks and entertainment to continue. Good Luck David