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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year? -- Ignore unavailable to you. Want to Upgrade?

To: Thai Chung who wrote (196)	3/9/1999 3:39:00 AM
From: Curtis E. Bemis	Respond to of 1274

Whoa--That's a shocker--I see PSFT getting hit in morning.

To: Thai Chung who wrote (196)	3/9/1999 7:47:00 AM
From: Thai Chung	Read Replies (1) \| Respond to of 1274

Tuesday March 9, 3:45 am Eastern Time INTERVIEW-PeopleSoft sees Asian sales growing By Alicia Seow SINGAPORE, March 9 (Reuters) - Business management software provider PeopleSoft Inc (Nasdaq:PSFT - news) said on Tuesday it expects revenue in Asia, excluding Japan, to grow 50 percent this year compared with 80 percent achieved in 1998. ''We would probably look to a 50 percent growth in Asia Pacific this year,'' Vice President and General Manager of Asia Pacific operations Murray Creighton told Reuters. He could not specify how much the region contributed to the California-based company's total turnover of $1.3 billion in 1998 but said PeopleSoft's international operations, outside North America, grew 65 percent to $206.9 million. ''If the overall company is forecasting 20 to 30 (percent) then within that, we would see international (operations) growing at a faster rate...than North America,'' Creighton said of the company's projected revenue growth rate for 1999. ''International is really key for us...and one of the key growth areas is Asia-Pacific,'' he added. Creighton said within international operations, sales in Europe were higher than in Asia because Europe was a more mature market and the Asian economic crisis had affected sales in 1998. He was in Singapore to introduce PeopleSoft's strategy of targeting new markets with new products. ''We believe that we have the opportunity to take a leadership role,'' he said of the company's Internet-related and analytical products. The main difference between PeopleSoft and other enterprise resource planning (ERP) vendors like SAP (quote from Yahoo! UK & Ireland: SAPG.F), Baan (Nasdaq:BAANF - news) and J.D. Edwards (Nasdaq:JDEC - news), was clients could make the transition to the Internet with PeopleSoft software now, Creighton said. Our competitors ''may focus on it but we think that our technologies...are far more advanced,'' he said. PeopleSoft's analytical applications, which enable users to receive an analytical window into an organisation's performance, were going to be increasingly substantial to the company's performance, Creighton said. ''It's seen as being a great growth sector,'' he said, adding ''there are higher growth percentages predicted for the analytic applications than for ERP.'' PeopleSoft re-defined its sales force from geographical segments to three strategic industry groups -- government and public sector, financial and general services,infrastructure and consumer products, Creighton said. For 1999, Asia's revenue was expected to be evenly distributed among the three groups, he said.