PEGA - Pegasystems Message Board

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Technology Stocks : PEGA - Pegasystems

PEGA 59.57

-2.4%

Nov 5 3:59 PM EST

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To: Geof Hollingsworth who wrote (259)	11/11/1997 2:27:00 PM
From: Trader Dave	of 504

<<The big problem with the way they run the business is that it is hard (impossible?) for us to be sure of what's going on, and apparently it can even be difficult for them to keep it all straight.>> I agree with most of your comment. The issue really is with your last statement. To really recognize everything in line with standard procedures in the industry they'd have to change their entire model. I'm just not sure how I feel about the company. If E&Y approved the accounting treatment for the FDC transaction, how come the company didn't know how it was going to treat the payment from pega to first data in the september q? To me, that inconsistency is a major credibility gap.

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