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Analyst Opinion	Get Analyst Opinion for:

RECOMMENDATION SUMMARY*

Mean Recommendation (this week):
Mean Recommendation (last week):
Change:	N/A

* (Strong Buy) 1.0 - 5.0 (Sell)

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PRICE TARGET SUMMARY

Mean Target:
Median Target:
High Target:
Low Target:
No. of Brokers:

Data provided by Thomson/First Call

UPGRADES & DOWNGRADES HISTORY

Date	Research Firm	Action	From	To
30-Nov-04	Garban	Downgrade	Buy	Neutral
2-Nov-04	Lehman Brothers	Downgrade	Overweight	Equal-weight
2-Nov-04	Piper Jaffray	Downgrade	Outperform	Market Perform
1-Nov-04	Prudential	Downgrade	Neutral	Underweight
5-Oct-04	Banc of America Sec	Downgrade	Buy	Neutral
4-Oct-04	First Albany	Downgrade	Buy	Neutral
4-Oct-04	Schwab Soundview	Downgrade	Outperform	Neutral
13-Sep-04	AmTech Research	Downgrade	Buy	Hold
13-Sep-04	Friedman Billings	Downgrade	Outperform	Mkt Perform
10-Sep-04	Morgan Stanley	Downgrade	Overweight	Equal-weight

More Upgrades & Downgrades for PSFT

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RECOMMENDATION TRENDS

	Current Month	Last Month	Two Months Ago	Three Months Ago
Strong Buy
Buy
Hold
Underperform
Sell

Data provided by Thomson/First Call

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