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


To: Greg Jung who wrote (297)3/25/1999 12:07:00 PM
From: bob zagorin  Respond to of 1274
 
Claremont Graduate University Aims for Student Self Service With PeopleSoft's Upgraded Student Administration Suite

PLEASANTON, Calif.--(BUSINESS WIRE)--March 25, 1999--

Clean Implementation Brings Immediate Increase in Functionality

Claremont Graduate University (CGU) plans to have students conduct 80 percent of their registration and administrative transactions via self service by Fall 1999 with PeopleSoft Student Administration 7.5.

CGU has just completed a smooth, four-week upgrade to the new solution and is already seeing significant benefits. During the most recent registration, PeopleSoft cut the processing time for student refunds and class rosters from more than a week to the next business day.

"PeopleSoft has added a new level of robustness to the processing of data that is speeding up transactions across campus," said Dave Brady, CGU's project coordinator for the PeopleSoft implementation. "In addition, we've become more confident about increasing online access to information by faculty, staff and students with the new enhanced security features. PeopleSoft Student Administration 7.5 goes a long way toward implementing the rigorous security protocols required for self-service and decentralization to ensure the confidentiality of all of our transactions."

Vicki Tambellini, vice president and general manager, PeopleSoft Higher Education, adds that "Claremont is a premiere example of a university committed to empowering students and faculty to take full advantages of the efficiencies and opportunities afforded by the Web. With Student Administration 7.5, PeopleSoft provides new features that give end-users additional control over information. PeopleSoft helps institutions enhance relationships with their most important constituents - students."

Claremont Graduate University First to Upgrade to Student

Administration 7.5

CGU purchased PeopleSoft products to deliver information to faculty and administrators who are faced with frontline decision-making and counseling of students. Anticipating the benefits of PeopleSoft Student Administration 7.5, CGU established a fast track for implementing the upgrade and went live with its first modules in 35 days.

"We were very pleased that by simply following PeopleSoft's outlined procedure to the letter, the implementation was amazingly clean," said Brady. "Once we had the tables set up correctly, testing the integrity of the system took less than two hours."

PeopleSoft Student Administration

Developed in cooperation with seven leading higher educational institutions, PeopleSoft Student Administration has been licensed by 240 colleges and universities to date. Applications include Academic Advisement, Admissions and Recruitment, Campus Community, Financial Aid, Student Financials and Student Records.

The 7.5 release, available since December 1998, reinforces PeopleSoft Higher Education's commitment to meet the expanding needs of the market.

The release offers web-enabled new features such as relationship data management, extended communications facilities, enhanced budgeting, enhanced data loading and processing, time and attendance tracking, term and session dynamic date control and enrollment verification.

About PeopleSoft

PeopleSoft (NASDAQ:PSFT) is a global supplier of enterprise application software for business, education and government. PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than 2,900 customers worldwide.

Headquartered in Pleasanton, California, PeopleSoft employs 6,600 people and had 1998 revenues of $1.3 billion. PeopleSoft is on the World Wide Web at www.peoplesoft.com.

PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, PeopleBooks and Red Pepper are registered trademarks, PeopleTalk, and "We work in your world." are trademarks of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. Copyright (c) 1999 PeopleSoft, Inc. All rights reserved.

CONTACT:

Edelman Public Relations

for PeopleSoft Higher Education

Susan Webb, 202/326-1707

swebb@edelman.com

or

Edelman Public Relations

for PeopleSoft Higher Education

Christina Zulandi, 202/326-1703



To: Greg Jung who wrote (297)3/25/1999 12:53:00 PM
From: Michael Burry1 Recommendation  Read Replies (1) | Respond to of 1274
 
Jeezus, Greg, that Q tells me you should not be anywhere
near PSFT stock. Learn what a proxy is and use it.

The answer: MMTM will burn through its cash over the next 3-4
years. This is a fact in the proxy for issuing MMTM shares. The market (usually, except in the case of net stocks), places a market cap on a stock that accounts for projected cash flows to shareholders - and MMTM has a low likelihood of that. The only time it doesn't do this is if there is a buyout possibility. So why doesn't someone just buy out MMTM and run with the cash? Because PSFT set it up so that MMTM could not act in its shareholders best interests - other companies cannot buyout MMTM to get that cash. So PSFT spun off $250M to shareholders and in doing so turned $1 into 20 pennies. PSFT can buy out MMTM (the "purchase option") but will only do so if MMTM proves very successful. This is purely a ploy to move R&D expenses off the income statement and artificially prop up earnings. Read my article on PSFT on MSN Investor - I've given an overview there.

Mike