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Technology Stocks : PEGA - Pegasystems
PEGA 63.57+0.3%Oct 30 3:59 PM EDT
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To: Amsterdam who wrote (460)12/23/1998 2:59:00 PM
From: Rob Preuss  Read Replies (1) of 504
 
From form NT 10-Q filed by PEGA (PEGAE) with the SEC on 11/17/98...

"It is anticipated that the Company's net income for the
three and nine month periods ended September 30, 1998 will
be greater than for the same periods in the previous year.
However, the Company will not be in a position to quantify
such difference until it has completed the preparation of
its financial statements for the period."

For the quarter ended 9/30/97, the company reported a net loss
of $1.62 Million on net sales of $8.67 Million. For the 9 months
ended 9/30/97, the company reported a net loss of $3.46 Million
on net sales of $21.90 Million. [Source: Company Annual Report.]

This seems to place a floor on how bad things might turn out to be.

As of 12/04/98, four analysts (GOLDMAN SACHS & CO.; NATIONSBANC
MONTGOMERY SECURITIES, INC.; RAYMOND JAMES & ASSOCIATES; SG COWEN)
recommend a "hold" on PEGAE.

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