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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (2032)	5/20/1998 1:22:00 PM
From: Clam Clam	Read Replies (1) \| Respond to of 3033

Dave, can you make any sense out of the PEGA vs. VNTV relative valuations? PEGA has the same indirect revenue concentration issues, 1/2 the sales reps, 1/2 the license revenues, targets specific verticals and has no Sales Force Automation or Field Service modules that I know of (which are the two most exciting growth areas). You could make the argument that the margin structures are different but I don't think you can even know what PEGA's sustainable margins are given that the company can't guide Wall Street one quarter much less long-term. Nevertheless, if you do market cap less cash, their valuations are equal. Any ideas??