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

To: david who wrote (226)	3/11/1999 7:18:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 1274

actually david i'll take issue with your consistently negative spin. just like the last few days, psft sold off early to almost 17 and then recovered nicely toward the end of day, actually the opposite of what you posted. my take is that the SAP pre-announce has pressured the stock the last few days but that there is some significant support every time it drops below 18. of course, that could all change is psft has to preannounce.

To: david who wrote (226)	3/11/1999 7:37:00 PM
From: Tom_	Read Replies (1) \| Respond to of 1274

Mercy! I agree with you, david. For ORCL to drop from 36.875 down to 30+ in afterhours is huge. It may even indicate direction.<g> From CBSMarketwatch: Third-quarter total revenue, though, came in below what most analysts were expecting. Oracle said sales increased 19 percent to $2 billion. Ahead of the release, NationsBanc Montgomery Securities analyst Bob Austrian estimated Oracle would increase sales about 26 percent to $2.2 billion. Overall revenue growth was dragged down by 7 percent expansion in license sales, compared with a 29 percent rise in services revenue. ~~~~~~~ (Bolding added.) I think PSFT is at the mercy of ORCL, at the very least for the opening tomorrow, just as it has been affected by SAP. Luck to all, Tom