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

To: lebo who wrote (3908)	12/17/1998 1:09:00 AM
From: Bura	Read Replies (1) \| Respond to of 4509

PSFT: When will it make a new high? I think in 2001 (only 2 years) Right now all good news is being overlooked. I think the rumors of acquisition of Magnugistics is hurting as well. No port manager wants to buy this stock before y/e to avoid having to explain having it in his/her portfolio. Look at the analysts, very few BUYs out there. (just like Oracle, Intel, Amat near their bottoms). While this stock might not soar in 99, it's CHEAP at 17. Once it shows signs of a pickup, the generous PE will return and so will the herd (analysts).