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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (13708)	8/29/2002 7:10:01 PM
From: Lizzie Tudor	Read Replies (1) of 57684

prgne... not bad at all, the whole restatement over 11 qtr is 250mm, involving factoring receivables, the $$ figure is lower than expectations and the fraud lawsuit overhang is lessened. Also no bk. The stock is going to be delisted for a few mos though because my sources say Oct until the global audit is done. Stock up AH even with delisting. L SAN DIEGO (CBS.MW) -- Peregrine Systems said Thursday that it will have to take $250 million of revenue off its books after an investigation revealed improper accounting. Peregrine acknowledged Thursday that it took out loans against its accounts receivable and then counted that money as sales. Management said the company has restructured about $103 million of those loans, so that it can now pay them off over four years. marketwatch.com

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