Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Maven who wrote (524)	4/20/1999 6:04:00 PM
From: bob zagorin	Respond to of 1274

i've been watching the leaps and calls for some time but the premium has remained very high indicating, IMO, that long term porospects remain strong.

To: Maven who wrote (524)	4/20/1999 6:05:00 PM
From: Tom_	Read Replies (1) \| Respond to of 1274

The First Part of the Press Release. Company Press Release PeopleSoft, Inc. Reports Final Financial Results for the Quarter Ended March 31, 1999 PLEASANTON, Calif.--(BUSINESS WIRE)--April 20, 1999--PeopleSoft, Inc. (Nasdaq:PSFT - news) announced today the financial results for the quarter ended March 31, 1999. Revenues for the quarter totaled $305.4 million, an increase of 10% over the first quarter of 1998. Excluding one time charges related to the formation of Momentum Business Applications, Inc. and one time charges associated with the reduction in staff completed in the quarter, net income and net income per share were $7.6 million and $0.03, in comparison to $33.8 million and $0.13 in the prior year. One-time write-offs for the quarter consisted of $176.4 million incurred in connection with the spin-off of Momentum Business Applications, Inc. and $4.4 million for charges related to the previously announced reduction in force which was completed in the quarter. Including the impact of these one time charges, the net loss for the quarter totaled ($171.5) million, or ($0.73) per share. Revenues from license fees for the quarter ended March 31, 1999 were $76.6 million. Revenue from services for the same period of $228.3 million increased 62% over the comparable period of the prior year and accounted for 75% and 51% of total revenues for the quarters ended March 31, 1999 and 1998, respectively. Revenues from international operations increased by 31% to $54.1 million or 18% of total revenues for the first quarter of 1999, compared to $41.2 million or 15% of total revenues for the same quarter of the prior year. ''PeopleSoft is financially very healthy, we have a lot of cash and we are free of debt,'' said Al Castino, Chief Financial Officer. ''The entire enterprise software market is in a difficult period at this time, but our win rate against our competitors continues to be strong. We are seeing early success in selling our new analytical application suite, Enterprise Performance Management. Our extensive new product investments remain on track, including eBusiness Communities and Internet enablement of the eBusiness Backbone.'' ''Our mission is to lead our customers into the Internet economy by helping them increase the value of their greatest asset, their people,'' said Dave Duffield, Chairman and CEO. ''By virtue of our dominance in the HR marketplace, PeopleSoft is ideally positioned to deliver on this vision. We are investing in the PeopleSoft Business Network in order to deliver a full range of content, including transactions, analytics, knowledge, and merchant data, to knowledge workers throughout the enterprise. To execute on this vision, we have greatly strengthened our senior management team over the past several months with executives experienced in running a large, successful enterprise.'' ~~~~~~~~ Best wishes anyhow, Tom