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

To: Melissa McAuliffe who wrote (3972)	12/23/1998 10:29:00 AM
From: Spaw	Respond to of 4509

ALL: Story today in SmartMoney online... smartmoney.com I personally have been looking for a January move up in this ridiculously cheap stock. Have been investing accordingly. --spaw--

To: Melissa McAuliffe who wrote (3972)	12/23/1998 1:11:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 4509

Melissa, your comments regarding the manic/depressive nature of some posters on this thread are interesting and reminiscent of what happened following the Red Pepper merger. In March and April of '96 it was hard to find anybody with anything positive to say about the company. A couple of months later the bears all imploded. Now, I know very little (nothing, if the truth be told) about the technical characteristics of the company's offerings, but anybody who thinks this company is a financial weakling is out of his mind! In fact, one of the major criticisms I have of this company is it's unwillingness to put excess cash to work productively. Cash sitting in money market accounts or t-bills is a dead asset. The thing I find most intriguing is that while the days of 70% per annum eps growth may be over (or may be on hold for awhile), the price of the stock is very compelling at these levels. If you look at management's prognostications, they claim about 30% growth going forward. But that claim is prompted not so much by visibility afforded by their forecasting models, but but invisibility provided by what may only be a temporary shift of emphasis by IT folks to Y2K remediation. In any event, I continue to look at this company as an excellent long-term investment. TTFN, CTC