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

To: David W. Ricker who wrote (3902)	12/16/1998 1:07:00 PM
From: RetiredNow	Respond to of 4509

Hey Dave, I averaged down from mid 50's. In the mean time, I was averaging up on stocks like CSCO, RMBS and BRCM. If it weren't for those purchases, my portfolio would look like s##t. There is just too much risk in PSFT for the next 12 months for me. Also, remember that just because the consultants are busy doesn't mean that the company's future is bright. They are busy because of work that PSFT has already sold. In addition, once an ERP system is installed and running, there is still a tremendous amount of customization and maintenance that consultants can do. Therefore, I caution you against using the amount of work consultants are getting as a barometer of PSFT's health. Either way, good luck to you! We all will need it, judging from the sky high PEs I'm seeing out there.