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

To: Chuzzlewit who wrote (3889)	12/15/1998 1:36:00 PM
From: Marq Spencer	Read Replies (1) \| Respond to of 4509

CTC, I decided to get out of PSFT today. I know that it is possibly a mistake for the long term (12+ months), but I can park my money (whatever's left of it:) elsewhere in the meantime. My reasons to take a loss (of almost 50%) include uncertainty about the next few quarters. This, coupled with PSFT's attempts at creating a shell company just to be able to invest in R&D, the Y2K issues where IT managers are planning to not make investments in app s/w in the second half of 99, etc. make me extremely uncomfortable with holding this for now. Additionally, I can offset some gains in 98 for tax purposes. Good luck to everyone who is long on PSFT. I do hope that it gets moving in the right direction (up:). Currently, I'm neither long nor short, and will just be lurking. - Brian.