SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (123912)4/20/2001 12:54:27 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Gst, slow growth is better than no growth.
>>4/6/01 4:40 PM ET
For all of you looking for some positive news, read on. Really. We're not kidding this time.

Despite the miserable performance and outlook for software companies, Peregrine Systems (PRGN:Nasdaq - news) says it's doing just fine, thank you very much. The company's stock has jumped 52% over the past two days after it said Wednesday evening that, yes, it would make its numbers for the March quarter.

Not revised estimates. Not lower-than-expected earnings. But numbers that are in line. For the quarter, the company said it expects to report earnings of 16 cents a share on revenue of $170 million. Wall Street analysts are expecting 16 cents a share on $168.8 million in revenue, according to Multex.com.

Friday, the stock closed up $2.47, or 13%, to $21.53.