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

To: Dave Gore who wrote (3878)	12/14/1998 10:29:00 PM
From: Klaus	Respond to of 4509

A question to all: I jumped into PSFT using the year 2000 leaps ... isn't psft going to spin off their R&D unit? ... the question I have is ... is PSFT going to fall in price by the given amount that the spin-off will account for - ie say after the spin-off, will PSFT stock immediately fall to say $12-13 and you get a $3-5 spin-off share of the other R&D company?? - if you hold the stock this ok, but holding the leaps might not be a good idea since I won't be getting any R&D leaps? What do you all think? thanks Klaus

To: Dave Gore who wrote (3878)	12/15/1998 12:27:00 AM
From: Richard Tsang	Respond to of 4509

I share your optimism on potential price levels 12 months down the road. It is interesting that the price hit its 52 week low today. The employees of PeopleSoft should be very excited about the new low price as December 15 is the date set for repricing of the employee stock options using the day's fair market value. Only those options that has a strike price higher than 22 are eligible for repricing.....but thr lower the better. Are they being helped, or what? RT

To: Dave Gore who wrote (3878)	12/15/1998 12:32:00 AM
From: Ed Stern	Read Replies (1) \| Respond to of 4509

PSFT management only is concerned with their options - not the shareholders.... somewhere they've forgotten the golden rule of management that we were taught in Business Finance 1 - 'the number one rule ---- maximize shareholder's wealth '. They've flunked this big time - screw the shareholder is their motto.