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Technology Stocks : Peregrine Systems Inc. (NASDAQ:PRGN) -- Ignore unavailable to you. Want to Upgrade?

To: Sportfish who wrote (457)	5/3/2002 4:03:34 PM
From: gmccon	Read Replies (1) \| Respond to of 492

No position here. I was in at 33 and out at 10 (ouch). Are you adding at $2? If they cooked the books, how can you trust their reported cash? greg

To: Sportfish who wrote (457)	5/5/2002 7:46:11 PM
From: H James Morris	Respond to of 492

>>"In looking at the situation that Peregrine is in," Rinaldi said. "I can point to a number of reasons why a delay isn't unreasonable." First, KPMG was hired less than four weeks ago to replace Andersen, the former auditors of scandal-plagued Enron Corp.. Second, during the fiscal fourth quarter Peregrine said it would divest its business-to-business Supply Chain Enablement unit, making the financial statement a bit more complex than usual. Third, in the current post-Enron environment, where investors are suspicious about the integrity of corporations as well as auditors, both are under increased pressure to ensure that financial statements are clean and stand up under scrutiny. "Put all that together and what I think you have in this situation is uncertainty all around," Rinaldi said.<< investor.cnet.com