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

To: Mr. Aloha who wrote (354)	3/30/1999 10:33:00 AM
From: bob zagorin	Respond to of 1274

Datamation Readers Name PeopleSoft 7.5 Product of the Year 1999; PeopleSoft Enterprise Applications Win Top Honor Two Years Running PLEASANTON, Calif.--(BUSINESS WIRE)--March 30, 1999--Datamation magazine readers have selected PeopleSoft's (Nasdaq:PSFT) 7.5 software release as the "1999 Product of the Year," making it the second consecutive year that readers have ranked the PeopleSoft enterprise resource planning (ERP) product ahead of those offered by its major competitors. Last year, Datamation readers voted PeopleSoft 7.0 as the "1998 Product of the Year" for enterprise applications. Datamation readers touted PeopleSoft's flexibility, analytic capabilities and Internet functionality as key differentiators for PeopleSoft 7.5. PeopleSoft 7.5 was nominated for the award by a group of pre-selected industry analysts, consultants and IT professionals, based on the product's impact on sales, profitability and cost reduction. PeopleSoft garnered 39 percent of the votes from 706 Datamation readers. Runner up was SAP's R/3 Release 4, which received 22 percent of the votes, while Oracle Applications Release 11 received 21 percent. PeopleSoft 7.5, which became generally available in the second quarter of 1998, provides comprehensive business process automation for the global enterprise. PeopleSoft 7.5 delivered new web enablement, strategic analytic applications and industry-specific solutions.

To: Mr. Aloha who wrote (354)	3/30/1999 10:50:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 1274

OT: Hey, I've been very wrong before. Calling an Oxford bottom at $26 was the worst. Calling Telebras a good value at $100 and the reasoning behind it was wrong. I've been right, too. On balance I'm right more than I'm wrong. That's why I keep 15-20 names in my portfolio. But I've realized that no matter how strong my conviction on any one stock, I can't control what it will do even over a couple of years. Seriously, if PSFT goes up, no sweat. I've been ranting about how undervalued Deswell is for years and it's only gone down. As a contrarian/value/small cap player in this momentum era with 15 articles, a web site, a popular SI thread, I get used to being wrong. Caveat emptor re: my opinions. That said, am I now unbiased? No, that's not my claim. My claim is that when I set out to analyze PSFT in the first place, if anything I had a positive bias because it had been so crushed. But is anyone here now unbiased? I admit to no worse crime than anyone else. JMO, Mike