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

To: grasshopper who wrote (469)	5/7/2002 8:20:56 PM
From: Lizzie Tudor	Respond to of 492

I bought some. A gamble, I know but I am familiar with the products and some of the revenue base. The business model is just straightforward enterprise software, not much smoke and mirrors so how they could have wound themselves up in this mess is beyond me. PS Itwo also worth looking at for bottom fishers. Lizzie

To: grasshopper who wrote (469)	5/8/2002 12:48:19 AM
From: H James Morris	Respond to of 492

I bought this stock myself, and look where it got me? Welfare, food stamps, and a bunch of bottom fishers hoping there's still some meat left on my bone.

To: grasshopper who wrote (469)	5/10/2002 1:21:19 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 492

The details of what happened at Peregrine are hazy, but it is fascinating that Peregrine said the improper revenues "may have been written off in later quarters" of its last two fiscal years. That could indicate that the company's annual numbers were accurate. nytimes.com

To: grasshopper who wrote (469)	5/23/2002 10:34:05 AM
From: H James Morris	Read Replies (1) \| Respond to of 492

>>May 23, 2002 Mark Nelson, a private investor who amassed a 7.4 percent stake in Peregrine Systems this month, said he has no plans to wrest control of the embattled San Diego software company. Nelson, a former software executive, said in an interview from his home in St. Helena, that "from time to time" he will revisit his Peregrine investment. But "at this point" he doesn't plan to purchase additional Peregrine stock and doesn't wish to get involved in the company's management. The 44-year-old has spent about $14.4 million to buy 14.2 million Peregrine shares since May 6 for himself and the Sine Nomine Foundation, which he started to support classical music and farm-worker housing in Napa Valley. His motivation? Nelson said he considers Peregrine's battered stock an attractive investment and thinks the company will emerge from its current woes. He said that, in the long term, Peregrine has "good technology, very good market position and things that can be turned around." Nelson said last week that he isn't related to Richard Nelson, Peregrine's acting chief executive officer. Peregrine's once-popular shares swooned to a low of 73 cents earlier this month after the company said its top two executives were resigning and its auditors had found up to $100 million in revenue that may have been overstated. The stock closed yesterday at $1.53. In a filing yesterday with the Securities and Exchange Commission, an investors group that includes Nelson and Dana Johnson said it increased its stake in Peregrine Systems Inc. to 7.4 percent. The group reported a 6.24 percent stake in the company on May 16. Nelson is the former chief executive of Ovid Technologies Inc., a software company he started in his Manhattan apartment in 1988. He took the company public in 1994 and sold it in 1998, pocketing about $100 million for his 50 percent stake. Ovid, now a unit of Wolters Kluwer N.V., makes software that searches medical and scientific databases. In February, Peregrine installed a "poison pill," or shareholder rights plan, that would make it prohibitively expensive for an unsolicited bidder to acquire more than 15 percent of the company's stock. Nelson said he doesn't expect his holdings to reach that level. << uniontrib.com