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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: paul_philp who wrote (52563)	8/27/2002 4:15:44 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 54805

re: gmste vs prgne OK. You've convinced me. Forget gmste lets talk about prgne. Whats going on? The stock has practically tripled in 3 days, from .26 to .71 I just saw it go by on cnbc AH. If this is indeed the long awaited prgn recovery, and naz agrees to remove the "e" from the symbol, then prgn deserves a valuation of 2x revenues wouldn't you think? L

To: paul_philp who wrote (52563)	8/27/2002 8:33:27 PM
From: hueyone	Read Replies (1) \| Respond to of 54805

From the first day of their scandal Peregrine's board appeared both open and decisive. They acknowledge the issues straight up and dealt with them head on. I have tremendous confidence in PRGN because of the way they handled themselves in a cries. Head of the class. From Chaz' article, it appears that a lot of Peregrine' shareholders disagree with you, although this may simply be lawyers looking for deep pocket fall guys. Partisan politics could be playing a role as well. Regardless, if a company is committing massive accounting fraud over a period of years and the BOD doesn't do anything about it, I would say the BOD are guilty of malfeasance, incompetency or neglect. Without knowing much about the particular details of Peregrine's situation, I would pick the less onerous conclusion---neglect, but this only highlights the problem of how so many BODs fail in their fiduciary responsiblity to look after shareholders' interests. Being an effective board member is actually a very tough job, and often those that are best equipped to fill this role, and those that are interested in taking the fidiciary responsibility seriously, do not get offered the positions in the first place. JMO, Huey