PeopleSoft Going for Turnaround

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

PeopleSoft shares closed at $18.38 on
Friday, a drop of more than 30 percent
since January.

. . .

Berquist said the industry peaked in 1997
with about $35 billion in revenue. Since
then, the industry has languished at between
$25 and $30 billion in revenue, and he and
other analysts say that one main reason
for the drop-off was the Y2K glitch.

The theory goes that many companies last year
simply stopped buying enterprise software --
which can cost hundreds of thousands to
hundreds of millions of dollars -- when
they realized they could not have it in
place and tested in time for any possible
millennium trouble.

SFGate

-- spider (spider0@usa.net), July 19, 2000


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