Business
Analyst watch: PeopleSoft enjoys the last laugh
PeopleSoft gave analysts and its fickle investors some encouraging news this week when it not only beat estimates in its first quarter, but left its sales and earnings targets for 2001 unchanged. It turns out that the cautious outlook the company gave back in January--which sent the stock into a bit of a tailspin--was right on the mark.
PeopleSoft gave analysts and its fickle investors some encouraging news this week when it not only beat estimates in its first quarter, but left its sales and earnings targets for 2001 unchanged.
It turns out that the cautious outlook the company gave back in January--which sent the stock into a bit of a tailspin--was right on the mark. In fact, those estimates now look pretty damn good considering the problems so many other software companies are facing these days. Full story. --Larry Barrett, ZDII