Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Howard S. who wrote (3901)	12/16/1998 10:43:00 AM
From: Jeffrey D	Respond to of 4509

Howard:<<Has a copy of the H&Q report been posted?>> Howard, here is a portion of it. Jeff >> Company: PeopleSoft, Inc. Price: 19.56 Recommendation: BUY Notes: f Firm: Hambrecht & QuistDepartment: TechnologyIndustry: Computer Software Date: 12/4/98 ESTIMATES Q1 Q2 Q3 Q4 FY CURR 98 REV 277.7A 320.5A 351.3A 362.0E 1311.5E CURR 98 EPS 0.13A 0.15A 0.17A .15E 0.61E CURR 99 REV 365.0E 400.0E 435.0E 470.0E 1670.0E CURR 99 EPS 0.14E 0.16E 0.19E 0.22E 0.70E REV EST IN MILLIONS 52 WEEKPRICE RANGE: 18.38 - 57.44 CURRENT BOOK VALUE: 2.40 REVENUE(LTM): 1.21 BIL. P/E FY98; FY99: 32X;28X CASH PER SHARE: 2.43 MARKET CAP: 5.04 BIL. F99 Y/Y EPS GROWTH: 16% DSO: 90 FY99 MKT. CAP. SALES: 3.0X F99 Y/Y SALES GROWTH: 27% SHARES OUTSTANDING: 257.5 MIL. 1/5: Initiating Coverage on PeopleSoft with a BUY Rating. * Given PeopleSoft's carefully selected growth opportunities and proven ability to execute, we expect PeopleSoft to maintain attractive growth andprofitability. * PeopleSoft is moving aggressively to capitalize on new growth opportunities. * Consensus expectations for the fourth quarter and 1999 fiscal year have come down 26% and 14%, respectively. * PeopleSoft is trading at 28 times our 1999 earnings per share estimate - an historically low valuation. * We are initiating coverage with a BUY recommendation.