BancBoston Robertson Stephens Reiterates Buy Rating, Raises Estimates on PRGN.

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 1, 1999--

BancBoston Robertson Stephens eBusiness applications analyst Kash G. Rangan today reiterated his Buy rating and raised estimates on Peregrine Systems, Inc. (Nasdaq: PRGN).

Peregrine, headquartered in San Diego, Calif., is a leading provider of infrastructure management software solutions used to track, control and manage an organization's assets.

"We are reiterating our Buy rating on Peregrine, with a 12-month price target of $50," said Rangan. "Based on our recent management visit and industry checks, we are comfortable that the company's business momentum continues to track well."

"We are raising our fiscal 2000 earnings-per-share estimates from $0.64 to $0.67 and our fiscal 2000 estimates from $0.85 to $1.00, a significant increase of $0.15. We believe the tone of business continues to be good, the pipeline of opportunities continues to be robust and the company continues to execute on the sales hiring side of the business," said Rangan. "In our view, Peregrine is the undisputed leader in the new and emerging market for infrastructure management software solutions."

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