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


To: Curtis E. Bemis who wrote (488)4/9/1999 11:53:00 AM
From: Sharise Brown  Respond to of 1274
 
fnews.yahoo.com

Mix together charges of conflicts of interest among top management, questionable accounting practices, and a revenue slump thanks to weakness across an entire market and you have all the components needed to cause a stock to implode. Unfortunately for investors in Baan Company, all of the above factors (and then some) have come together in the last year.

Sounds familiar? Change the company name to PSFT.

The company is also tightening its belt and slimming down in an intensive effort to cut costs. While closing offices, laying off employees, and canceling user conferences may reduce expenditures, it's hard not to believe that the moves will harm both employee morale and customer confidence.

- It's like deja vou all over again

Yogi Berra




To: Curtis E. Bemis who wrote (488)4/9/1999 4:04:00 PM
From: Chuzzlewit  Respond to of 1274
 
Yes, and just where do all of these hotshot programmers go? Who is hiring? The entire industry is in the doldrums, if not suffering. Now is the time for companies to bite the bullet and get rid of these onerous off the sheet accounting gimmicks.

TTFN,
CTC