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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (146990)	5/8/2002 7:29:40 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1573503

TGPTNDR, And I'm not willing to pay $0.80 for $8.00 in accounting money! How times change! And that's down from $92.25 on 02/16/00. Joe

To: TGPTNDR who wrote (146990)	5/8/2002 1:52:30 PM
From: tejek	Read Replies (2) \| Respond to of 1573503

Last June PRGN bought Remedy for ~$1B. And I'm not willing to pay $0.80 for $8.00 in accounting money! How times change! tgptndr, check out DYN......it looks to be the next AES as opposed to an ENE. I made nice money off of AES once it bottomed. Apparently, DYN planted a potential bomb on pg 20 something in a 100 plus gas contract and the SEC is investigating. I think they may get a fine and that's it but the market is treating DYN's stock as if its the end of DYN. Could create a buying opportunity........my favorite kind! ;~)) ted

To: TGPTNDR who wrote (146990)	5/8/2002 3:43:05 PM
From: ptanner	Respond to of 1573503

tgptndr, re: disclosure of loan triggers It is interesting that yet another mechanism (other than derivatives) intended to specifically address risk also has the potential to greatly increase risk. Of course, the reason the triggers are inserted is that the lender wants a reduction in their risk and there is probably some modest benefit to the company. However, the triggers seem to be for events which happen far too often and instead we see a cascade of financial challenges which can bring down a company like a house of cards. This reflects on the balance of the company's financing and its resilience to unexpected difficulties. In combination with abusive/deceptice though perhaps legal activity like Enron the results can be a complete loss. Of course Enron was probably already a complete loss but its spiral destroyed what value there was in the enterprise as opposed to its assets. EDIT: Given the potentially severe nature of these clauses I hope the SEC requires clearer dislosure and discussion. WRT PRGN, I haven't and likely won't purchase any stock. I have no visibility on the company's products or its market position - will the uncertainties surrounding its finances result in loss of sales? It seems like it could simply unravel. I also have little confidence in the readily available information on corporate finances in general and when there is a question about PRGN's revenue accounting it makes me wonder if there may also be some factors seriously affecting its book value as well. -PT