$4.95 Shipping
“This certificate is not cancelled”.
The availability of these certificates in the market place are low since the company is out of business.
Peregrine was founded in 1981, Peregrine provided Infrastructure Management solutions, which enable companies to achieve a state of frictionless business. Its solutions reduced costs, improved profitability and release capital, generating a lasting and measurable impact on the productivity of assets and people. Peregrine’s software managed the entire lifecycle of an organization's assets, from IT equipment and fleets of vehicles to telecom and facility assets. In addition, its Employee Self Service solutions empower employees with anytime/anywhere access to these enterprise resources, services and knowledge – resulting in improved productivity and asset utilization. Peregrine also provided integration and adapter technology to allow its Infrastructure Management solutions to interoperate with other enterprise applications both inside organizations and between organizations.
This item has the printed signatures of the company's officers including Steve Gardner as Chairman and CEO. The stock price hit a high of $80 in March 2000.
The Nasdaq stock market delisted software maker Peregrine Systems Inc. at the opening of business on July 5, 2002. Peregrine, reeling from an accounting scandal, a management reshuffle and weak demand for its products, said it is out of compliance with Nasdaq rules since its accountants at Andersen informed the company that its financial statements for 2000, 2001 and 2002 should not be relied on.
Peregrine Systems® Announces Internal Accounting Investigation; CEO and CFO Resign.
SAN DIEGO, May 6, 2002 -- Peregrine Systems, Inc. (NASDAQ: PRGN) announced that the board of directors has authorized the audit committee of the board to conduct an internal investigation into potential accounting inaccuracies brought to the attention of the audit committee by KPMG, the company’s independent auditors. KPMG was engaged by Peregrine in April to replace Arthur Andersen LLP for the audit of the company’s recently completed fiscal year.
The scope and magnitude of these matters have not been determined. Based on the preliminary information reviewed to date, certain transactions involving revenue recognition irregularities, totalling as much as $100 million, have been called into question and may have been recorded during periods in fiscal 2001 and 2002. These transactions were recorded initially as revenue from the company’s indirect channels and may have been written off in later quarters. These channel transactions and other accounting matters to be investigated may impact financial results for periods in fiscal 2002 and prior. Peregrine has informed the staff of the SEC of its audit committee’s internal investigation and will keep the SEC informed of its progress.
Additionally, the board announced the resignations of Steve Gardner, chairman of the board and chief executive officer, and Matt Gless, chief financial officer, executive vice president of finance and also a director on the board.
