Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who started this subject	5/6/2002 5:46:08 PM
From: Paul Shread	Read Replies (2) of 52237

Oops! Arthur Andersen missed another one. Peregrine CEO and CFO resign; co launches accounting investigation (PRGN) 2.57: Announces that its board has authorized an internal investigation into potential accounting inaccuracies brought to the attention of the audit committee by KPMG, which was engaged by Peregrine in April to replace Arthur Andersen. Based on preliminary information, certain transactions involving revenue recognition irregularities, totaling as much as $100 mln, have been called into question and may have been recorded during periods in fiscal 2001 and 2002. Additionally, the board announced the resignations of Chairman/CEO Steve Gardner and CFO Matt Glass. Speaking of which, any reason why former Enron execs are still on this side of bars, and with full bank accounts too?

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