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  • GivMe5 GivMe5 Feb 12, 1999 4:02 PM Flag

    PSFT is too fat to take off.

    -Organization had become fat with too many
    managers.
    -Middle managers earn more bonuses, stock
    options and better salary increase than those on the
    grassroots such as top notch consultants and skillfull
    developers. Turnover at the lower level is high and
    significant. Not a good sign if the brains kept constantly
    sneaking away going to another software firm. Earnings are
    being suck by lavish and non-revenue management
    employees.
    -Promotions by popularity and visibility not by skills and
    capabilities. This will result to low morale and poor service
    quality.
    -significant expenditures draining earnings such as quarterly
    meetings but actually were merely parties and
    entertainment expenses incurred by managers.
    -loose control
    on hiring employees.
    -many consultants were on
    the bench (no assignments) draining earnings.

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    • SAP's press release?
      Have you seen the PSFT
      release about 430 RIFs?
      Have you seen the RIFs at SAP
      and Baan and ORCL?
      Are you aware that PSFT has one
      of the lowest turnover rates?

      My org has 70
      PSFT consultants - 2 on bench.

      Where do you
      people get this crap?
      Go wathc the Pamela and Tommy
      Lee video ...

      • 1 Reply to BenARound59
      • SAP's price has held much better than Psft's give
        the erp turndown. Hi of about 47 down to 29. At least
        20% better than PSFT.

        MSN's Jubak lists SAP as
        on of his top fifty companies, and he's beating the
        S&P. I'm looking for psft, but it's not
        there.

        http://moneycentral.msn.com/articles/invest/jubak/fifty.asp

        I agree psft will be a good stock next year, but
        for now it will be flat or drift down. Too many
        risks: possible restatement due to SEC review, lawsuits,
        possible management insider violations with the little
        guys left holding the bag, etc. In terms of timing, by
        late summer we might have a cleared the bottom, made a
        solid base and see the thing start trending up. Right
        as far as I'm concerned this is damaged
        goods.

        Good luck all.

 
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