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Technology Stocks : PEGA - Pegasystems
PEGA 61.03-3.1%Nov 4 3:59 PM EST

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To: seth thomas who wrote (388)4/3/1998 10:29:00 AM
From: Clam Clam  Read Replies (1) of 504
 
Cowen analyst: "we are downgrading the stock until we have a sense that PEGA and the auditors are singing from the same songbook on contract language and interpretation and on reserves."

In your experience Steve, how in-depth do auditors go on contracts as I would assume they only bother with the very largest ones. Moreover, what do you make of the 5-year term license? Isn't this basically the same thing as selling a perpetual and then selling them follow-on products with perpetual licenses 5-years later??
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