Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (18666)	11/17/1998 10:18:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

<<ALERT>>PRGN.. BT Alex. Brown Ups Peregrine Systems To Strong Buy From Buy.. watch this one it's chart is looking pretty poised. It was also in my database. Up Volume/Vs Down volume is bullish. Year relative strength 92nd percentile, 4 earnings surprises in last 4 quarters.. estimated 50% growth this quarter and the same for next quarter Peregrine Systems Reports Record Second Quarter Financial Results SAN DIEGO, Oct. 19 /PRNewswire/ -- Peregrine Systems(R), Inc. (Nasdaq: PRGN - news) today announced record quarterly revenues and profits for its second fiscal quarter and the first six months of fiscal 1999 excluding one- time charges relating to acquisitions. Revenues for the quarter ended September 30, 1998 grew 143% to a record $29.7 million, compared with revenues of $12.2 million for the quarter ended September 30, 1997. Net income excluding charges for acquired research and development costs for the second quarter of fiscal 1999 increased 132% to $4.1 million, compared to $1.8 million in the second quarter of fiscal 1998. Net income per diluted share excluding charges for acquired research and development costs for the second quarter of fiscal 1999 were $0.18 versus $0.10 for the comparable quarter of fiscal 1998, an increase of 80%. With the acquisition of Innovative Tech Systems, Inc. and the technology acquisition from International Software Solutions during the quarter, Peregrine Systems recorded one-time charges of $91.8 million for acquired research and development costs, resulting in a net loss of $87.6 million and a net loss per diluted share of $3.79 for the quarter ended September 30, 1998.