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

To: Lizzie Tudor who wrote (4165)	1/7/1999 3:15:00 PM
From: stock 51	Read Replies (1) \| Respond to of 4509

the stock just hit $25

To: Lizzie Tudor who wrote (4165)	1/7/1999 3:19:00 PM
From: ratlong	Respond to of 4509

Word is still out that SAP might be making a bid on PSFT as well. Regardless, something is seriously up right now as I have PSFT climbing another 15% on the day (@25). I agree that shorting SAP would be a good move except that it has been beaten to death already. I ran ORCL up from 19 and recently sold. It is at a high, so it has farther to drop. Either way, IBM buying PSFT would be a seriously blow to either of these players, IMO.

To: Lizzie Tudor who wrote (4165)	1/7/1999 4:26:00 PM
From: Elmer	Read Replies (2) \| Respond to of 4509

Thanks for your very good info on the industry in past posts. I lightened up today because the street usually doesn't telegraph acquisitions. I may be wrong on this one and miss part of the payday but I doubt it. One question on SAP. It goes back to a research report from Bear Sterns that was posted months ago. The analyst mentioned that SAP was spending an "order of magnitude" more on R&D than PSFT. Now, "order of magnitude" to an engineer means 10 times. If that's true and the analyst didn't misunderstand the phrase, doesn't that explain the much higher PE multiple on SAP? Also, why would SAP invest so much more than PSFT given their relative share? Regards