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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 (300)11/19/1997 12:12:00 PM
From: Amsterdam  Read Replies (1) of 504
 
I've been following PEGA and this thread for a while, hoping for a correction to pick up some PEGA cheap, but this is not the type of correction I like to see. Very surprised to see Sherlund at Goldman upgrade so quickly given all the uncertainty. I agree he probably had a look at the pipeline, but having sold a lot of software in my days this company has the trademark of getting ahead of itself with hype, which is a culture that filters down to the sales rep level....i.e. the salesmen are probably hyping their forecasts more than normal. Also, customers can get uneasy about vendors that are loose with their numbers and delay implementations until the dust settles, especially conservative customers like financial instituions of which PEGA has many.
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