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: Trader Dave who wrote (297)	11/19/1997 10:29:00 AM
From: Clam Clam	Read Replies (1) of 504

Interesting that Coopers & Lybrand agreed with E+Y and the stock isn't down. The bet is all on the come now. It is a blind leap of faith in a management team naive in the ways of accounting that estimates for 1998 are conservative. PEGA still hasn't had a cash flow positive quarter this year. For a software company with high margins, this seems quite odd. It looks like they should turn cash positive this quarter (Q4) because $5mm is due from FDR but due to the credibility gap of a company without an auditor and inconsistent financial statements, I have to believe this stock doesn't have a good move for a while. The 10-Q is out today....

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