PEGA - Pegasystems Message Board

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Technology Stocks : PEGA - Pegasystems

PEGA 58.67

-1.5%

10:27 AM EST

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To: Clam Clam who wrote (218)	10/30/1997 2:07:00 PM
From: Trader Dave	Read Replies (1) of 504

I'm not sure GSCO should have known about FDC, the accounting treatment was supposedly unique to this transaction. I still don't see much wrong with pega's selling approach on its core business. It charges customers over a 5 year period and it doesn't perpetually license its product. It builds in an opportunity for a repurchase after the initial five year term. PEGA does have a unique selling and licensing model, I don't know how it should be trteated from an accounting standpoint. It made the company's cash flow tight, but they were disciplined on the expense side. I don't think this event is a condemnation of the whole business. You should spend time with them at AEA. TD

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