Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mike 2.0 who wrote (6244)	3/8/1999 11:24:00 AM
From: Michael Burry	Respond to of 78519

let me add myself to list of those who think you are dead on wrt PSFT Now that's a short list! ;) I'll take a look at the others to see if they're anywhere near my circle of competence at this point. Good investing, Mike

To: Mike 2.0 who wrote (6244)	3/8/1999 9:26:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78519

Re: accounting shenanigans, PSFT cfomagazine.com The CFO who just "left" PSFT to head up Momentum gave a revealing interview in CFO magazine. Terribly incriminating stuff, if one's ever so much has held The Intelligent Investor or Security Analysis in their palms. Near the end, he sums up the tricky dick stuff re: the trojan spinoff. "The fact of the matter is that right now the way the world works is investors are very focused on things like earnings per share and price/earnings ratios. No matter how the analysts try, I don't think they are going to have a lot of success in adding these things together and creating a set of metrics that don't match PeopleSoft's earnings releases. I find that a fundamentally difficult proposition, given the models they use and the guidance they receive. How could PeopleSoft go on record projecting any earnings at all if it's not obligated in any way to do what the analysts expect?" Good investing, Mike