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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Richard Gibbons who wrote (39499)	12/16/1998 1:34:00 AM
From: put2rich	Read Replies (1) \| Respond to of 132070

Richard, I just bought some psft at 17+ for long term and hope a right decision. They have hired tons of software programmers in Pleasanton and one told me like 9K in just 2 years. Benefits must be high too and thus cut into their profits. I think they try to beat SAP here and overseas and expand into webs also. After y2k issues most biz come from updates and also they try to reach down to smaller size corporations. MHO. Regards,

To: Richard Gibbons who wrote (39499)	12/16/1998 1:48:00 AM
From: Shane M	Read Replies (1) \| Respond to of 132070

Richard, FWIW, I'm interested in going long on PSFT too, but am waiting for the stock to find it's bottom. I've seen your comment echoed that Y2K has been a plus for vendors replacing legacy systems and believe it to be the concensus view. In Oracle's recent CC they mentioned that SAP was competing agressively on price, so that can't be good for PSFT. In addition, PSFT's funding the new company for research through a special charge is looking like a shell game, so the earnings you'll be seeing will be inflated. Options are going to be repriced also. This said, I'm liking the negative tone I'm hearing on the PSFT board. They've been burned, and it seems those that are "shakeable" have been or are nearly shaken out of this stock. Longer term I do like their business. Whether their stock will support historical multiples (MB's point) following a recovery I can't address. Shane

To: Richard Gibbons who wrote (39499)	12/16/1998 10:47:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Richard, That is why I said that with $3000, you would have to forego the thirds approach in 90/10, and diversification. And, you cannot even use an industry index like XCI or SOX because the initial premiums are too high. So, yes, you could spend a lot of the year sitting on your hands. I don't see the enterprise software cos. doing well out of Y2K, and, so far, they certainly are not. If the old software is not Y2K compliant, I think the customer has a nice lawsuit with a minimum of free replacement. These guys don't have the excuse that mainframe producers have that they never thought the year 2000 would get here. Basically, cos. are going to have to ensure that old systems do not compromise operations and the enterprise guys, with their new apps will be holding a very high number at this deli. They will be low priority in a year when cash is scarce as most mfg. companies. Your last sentence reminds us why the guys at the grocery store do not accept relative dollars when I pay my tab. <G> MB