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Front End: The Daily Dose
June 23, 1999

Mixed Half For PC, ERP Stocks

Stock prices of the major PC makers diverged greatly in the period ended June 17. Vendors of enterprise resource planning software, meanwhile, had a rough ride as sales growth slowed in the once-hot sector.

In the PC sector, shares of IBM rose almost 31%, while Hewlett-Packard's jumped 33%. Compaq and Micron share prices declined 48% and 44%. After an earnings shortfall and the ouster of CEO Eckhard Pfeiffer, Compaq said it would report a loss of up to $260 million for the second quarter.

In the ERP market, J.D. Edwards' shares dropped by 32%, while PeopleSoft's declined 10%. However, Baan rose 44%, mostly on speculation of a takeover. Oracle's stock price was up 21%, but the second-highest valued U.S. software company still has a long way to go to catch No. 1 Microsoft in valuation: Microsoft's market capitalization is almost $400 billion-11 times greater than Oracle's.

--David Kleinbard

PC Stock Shifts
PC maker Stock price
on June 17		 Change since
Jan. 1
HP (HWP) $90.69 +33%
IBM (IBM) $120.81 +31%
Gateway (GTW) $65.88 +29%
Dell (DELL) $36.94 +1%
Micron (MUEI) $9.69 -44%
Compaq (CPQ) $20.88 -48%
DATA: MARKET GUIDE INC.

ERP Stock Shifts
ERP software maker Stock price
on June 17		 Change since
Jan. 1
Baan (BAANF) $15.12 +44%
Oracle (ORCL) $34.88 +21%
SAP (SAP) $358.46 -6%
Peoplesoft (PSFT) $17.00 -10%
J.D. Edwards (JDEC) $19.38 -32%
DATA: MARKET GUIDE INC.

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