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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 (4391)	1/28/1999 8:29:00 PM
From: Elmer	Read Replies (2) \| Respond to of 4509

Michelle, You were right about waiting until summer to buy this stock. The report was awful. Three percent license growth, reduced revenue growth rates for 1999 (from those predicted last quarter) and they missed earnings by one cent. It will be interesting to see how the street reacts tomorrow. They took us down about $5 last quarter after the report. Their aren't many analysts left who can downgrade, however, unless they want to use the "sell" word. Where does this leave PSFT going forward? Can they reinvent themselves and continue taking share from the big boys or does ERP move towards a two vendor market? One last point. ORCL's lowest stock price was four weeks after they reported for the quarter ended Nov. 30, 1997. It hit $18. Their license growth was one percent in that report. They turned it around in the next four quarters. Can PSFT do the same?