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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (62310)	5/6/2002 3:10:44 PM
From: Smart_Money	Respond to of 99280

Wooo I got it cheaper. Actually I will pair down my purchase.

To: augieboo who wrote (62310)	5/7/2002 12:06:01 AM
From: Chuck Williams	Respond to of 99280

I got some Friday at 2.75 and averaged down to make my buy 1.63 today. They have a solid customer base and a solid set of products.

To: augieboo who wrote (62310)	5/7/2002 12:27:28 AM
From: Lizzie Tudor	Respond to of 99280

PRGN does about 700mm/year in revs. 100mm is in question, definitely looks fraudulent involving some barter deals to cpth and a little channel stuffing. Still, if you assume all 100mm is gone (not likely) and some fallout from this bad PR, you are still looking 500mm in revs, with a P/S of about .33 The SEC looked into the PRGN merger with RMDY 2 years ago, all was ok then. Also dumping anderson and going with KPMG was a voluntary decision made by the departing CEO! (whoops) Anyway seems like prgn more like PVN than enron, jmo Lizzie