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Technology Stocks : PEGA - Pegasystems
PEGA 58.32-2.1%12:53 PM EST
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To: Bill Harmond who wrote (207)10/30/1997 10:12:00 AM
From: Trader Dave  Read Replies (1) of 504
 
I agree, but you have to admit this is weird. BTW on their normal transactions, the discount rate they use (required by their auditors) changes once a quarter but is based on their brorowing cost and is roughly 9%. This is relatively conservative.

I've been professionally involved in this industry for 8 years now and i've never seen anything like this. If what they're saying is true, the accouynts reversed themselves. Someone is a real problem here (co management or auditors.) axys7
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