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June 26, 2002

* Peregrine Systems Inc., a business-management software maker whose accounting is under a Securities and Exchange Commission investigation, named Ken Sexton chief financial officer. Peregrine also hired PricewaterhouseCoopers as its auditor. Shares of San Diego-based Peregrine Systems rose 8 cents to $1 on Nasdaq.

* 3Com Corp., the fourth-largest maker of computer-networking equipment, said its fiscal fourth-quarter net loss narrowed to $23.8 million on lower expenses. The company said Chief Financial Officer Michael Rescoe quit and was replaced by Mark Slaven. The quarterly loss was 7 cents a share, compared with $517.7 million, or $1.52, a year earlier. Revenue in the period ended May 31 declined 28% to $338.5 million from $468 million. Shares of Santa Clara-based 3Com rose to $4.47 in after-hours trading. They fell 37 cents to $4.03 on Nasdaq.

* Palm Inc., the world's largest maker of hand-held computers, said its fourth-quarter loss narrowed as sales rebounded from a year earlier, when product delays cut sales in half. The net loss narrowed to $27.5 million, or 5 cents a share, from $392.1 million, or 69 cents, a year earlier. Sales in the quarter ended May 31 climbed 41% to $233.3 million from $165.3 million. Shares of Santa Clara-based Palm rose to $1.66 in after-hours trading. They fell 8 cents to $1.59 on Nasdaq.

* Micron Technology Inc., the world's second-biggest maker of computer-memory chips, reported a third-quarter loss and said prices declined in the last two months of the quarter. The loss was $24.2 million, or 4 cents a share, compared with a loss from continuing operations of $301.1 million, or 50 cents, a year earlier. Sales in the quarter ended May 30 fell 5.8% to $771.2 million from $818.3 million. Shares of Boise, Idaho-based Micron fell to $18.15 in after-hours trading. They rose 3 cents to $19.75 in regular trading on the NYSE.

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