PEOPLESOFT LOOKS FOR SPRING SPENDING.PeopleSoft Inc should begin to see some light at the end of the tunnel come Spring, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. indications given by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ron Codd to Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co's software watchers. PeopleSoft believes that by mid-1999 companies will be winding up their Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 spending to the point where budgets will begin heading north; part of the reason for PeopleSoft's current ebb in fortune. Although margins are uncertain, PeopleSoft expects to achieve 25% to 35% revenue growth in 1999. The first fruits of the new vertical, analytical and e-business apps should also be felt by mid-1999. It will be accelerated by increases in the R&D cycle enabled by the creation of the Momentum R&D spin-out, the brokerage believes. |
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