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

To: Michael Burry who wrote (463)	4/7/1999 7:58:00 PM
From: Tom_	Read Replies (1) \| Respond to of 1274

Y2K "lockdowns." Hi Michael! Re: 80% of companies plan no software purchases/new installations starting in June. This looks horrible I guess one man's horrible is another's fabulous buy opp. My current thinking is that for a long-horizon investor, picking up some great-entry-point PSFT, SAP, and ORCL is just a matter of judging the right moment during 1999, because post 1/2000 the impediment disappears and all three resume speed. And I'm now thinking "internet-tulip-bubble-crash-market-kerplunk" or "fourth quarter Y2K panic-time" are the best candidates, and the latter safer. The other thing I'm telling myself is not to focus on narrow "ERP" (whatever that is says the layman), i.e., where we've been, and think "business software." PeopleSoft not as an HR specialist any more but as BusinessSoft. Best wishes, Tom