Today's Reuter's story:
https://us.etrade.com/e/t/invest/Story?ID=STORYID=e-trade_delv_2002_06_06_etrade_reuters-eng-reuters_INVESTORS-TAKE-AN-PERCENT-STAKE-IN-PEREGRINE&provider=ReutersUSCompanyNews

Is this important news?

Harold

June 06, 2002 14:16:30 (ET)

PALO ALTO, Calif., June 6 (Reuters) - A small group of investors has taken an 11.45 percent
stake in troubled software maker Peregrine Systems Inc.(PRGN,Trade), according to a filing
made with the U.S. Securities and Exchange Commission on Thursday.

St. Helena, California-based private investor Mark Nelson, along with Dana Johnson and the
Sine Nomine Foundation, purchased 22.04 million shares of Peregrine's common stock
between May 6 and June 4 for "general investment purposes, with no intent to alter the
management of the Issuer," according to the filing.

Several of the top corporate officers at San Diego-based Peregrine resigned earlier this week,
amid a federal regulatory probe into the software shop's accounting.

The company -- which sells software to help companies track their physical assets -- has seen
its stock fall from a year-high of $33.55 to a low of 73 cents.

Peregrine shares were down nearly 20 percent at $1.18 in Thursday afternoon trade on
Nasdaq.