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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Mao II who wrote (9764)12/2/2001 8:49:35 AM
From: Kenya AA  Read Replies (1) of 12662
 
Hi M2. The "erroneous news" was GENERATED by Briefing.com.

17:22 ET Peregrine Sys (PRGN) 15.55 -2.79: -- Correction -- In earlier comment (InPlay 13:07), we cited sources as saying quarter was more back-end loaded than usual. This is not correct. Company called Briefing.com to say that during the CSFB conference today, they said the qtr is tracking to normal linearity with one month to go. Typical quarters track 20-20-60, so at 40% with one month to go, company is tracking with normal linearity.

Here's the 13:07 comment they're referring to ....

13:07 ET Peregrine Sys (PRGN) 15.66 -2.68: At the CSFB conference, company says that the qtr is tracking to normal linearity with one month to go. Typical quarters track 20-20-60, so at 40% with one month to go, company is tracking with normal linearity.

What's "missing" is that that's NOT what Briefing originally put out at 13:07. They actually said something to the effect that PRGN was going to miss its numbers by a mile because with only one month to go in the qtr, they had only done 40% of they're expected sales.

FWIW, this is the second time in less than a week where Briefing has pulled this kind of crap, tho I can't remember who the other "victim" was.

K
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