U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                         Commission File Number 0-30786

(Check One):
[ ] Form  10-K and Form  10-KSB [ ] Form  11-K [ ] Form  20-F [ X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR

         For Period Ended:       March 31, 2002
                                -----------------

[  ]  Transition Report on Form 10-K and Form 10-KSB
[  ]  Transition Report on Form 20-F
[  ]  Transition Report on Form 11-K
[  ]  Transition Report on Form 10-Q and Form 10-QSB
[  ]  Transition Report on Form N-SAR

         For the Transition Period Ended:
                                         ----------------------------

     Read Attached  Instruction  Sheet Before  Preparing  Form.  Please Print or
Type.

     Nothing in this form shall be  construed to imply that the  Commission  has
verified any information contained herein.

     If the  notification  relates  to a portion of the  filing  checked  above,
identify the item(s) to which the notification relates:
                                                        ------------------------
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                                     PART I
                             REGISTRANT INFORMATION
- --------------------------------------------------------------------------------

Full Name of Registrant         Peregrine, Inc.
                              --------------------------------------------------

Former Name if Applicable       LSI Communications, Inc.
                              --------------------------------------------------

Address of Principal Executive
 Offices (Street and Number)    8200 E. Pacific Place, Ste. 204,
                              --------------------------------------------------

City, State and Zip Code        Denver, CO 80231
                              --------------------------------------------------


- --------------------------------------------------------------------------------
                                     PART II
                             RULE 12b-25(b) AND (c)
- --------------------------------------------------------------------------------

         If the subject report could not be filed without unreasonable effort or
expense and the  registrant  seeks  relief  pursuant  to Rule  12b-25  (b),  the
following should be completed. (Check appropriate box)

[X]      (a) The reasons described in reasonable detail in Part III of this form
         could not be eliminated without unreasonable effort or expense;
[X]      (b) The subject annual report, semi-annual report, transition report on
         Form 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be
         filed on or before the 15th calendar day following the  prescribed  due
         date;  or the subject  quarterly  report or  transition  report on Form
         10-Q,  10-QSB,  or portion thereof will be filed on or before the fifth
         calendar day following the prescribed due date; and
[ ]      (c) The  accountant's  statement or other  exhibit  required by Rule
          12b-25(c)  has been attached if applicable.




- --------------------------------------------------------------------------------
                                    PART III
                                    NARRATIVE
- --------------------------------------------------------------------------------

         State below in  reasonable  detail the reasons why Forms 10-K,  10-KSB,
11-K. 20-F,  10-Q,  10-QSB,  N-SAR, or the transition  report or portion thereof
could not be filed within the  prescribed  time period.  (Attach extra sheets if
needed.)

         The Company  has just  completed  a major  acquisition.  Because of the
demands made of the  accounting  staff to complete this  acquisition,  they were
unable to close the books and records of the Company  for the  quarterly  period
ended March 31, 2002 in  sufficient  time to file a complete and  accurate  Form
10-QSB on or before the due date.

- --------------------------------------------------------------------------------
                                     PART IV
                                OTHER INFORMATION
- --------------------------------------------------------------------------------

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

            Hank Vanderkam             (713)                       547-8900
          ------------------         -----------               -----------------
                (Name)               (Area Code)              (Telephone Number)

(2)      Have all other periodic  reports  required under Section 13 or 15(d) of
         the  Securities  Exchange  Act of 1934 or Section 30 of the  Investment
         Company Act of 1940 during the  preceding 12 months or for such shorter
         period that the  registrant  was required to file such  report(s)  been
         filed? If the answer is no, identify report(s).
                                                                [X] Yes  [  ] No


(3)      Is it anticipated that any significant  change in results of operations
         from  the  corresponding  period  for  the  last  fiscal  year  will be
         reflected  by the  earnings  statements  to be  included in the subject
         report or portion thereof?
                                                                [  ] Yes  [X] No

         If  so,  attach  an  explanation  of  the  anticipated   change,   both
         narratively and quantitatively,  and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

- --------------------------------------------------------------------------------
                                 Peregrine, Inc.
                   -------------------------------------------
                  (Name of Registrant as specified in charter)

         Has  caused  this  notification  to be  signed  on  its  behalf  by the
undersigned hereunto duly authorized.

Date May 14, 2002                     By  /s/   Steven H. Jacobson
     -------------                       --------------------------
                                                Steven H. Jacobson

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION

Intentional  misstatements  or omissions  of fact  constitute  Federal  criminal
violations (see 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS

1.    This form is required by Rule 12b-25 of the General Rules and Regulations
      under the Securities Exchange Act of 1934.
2.    One  signed  original  and  four  conformed  copies  of this  form  and
      amendments  thereto must be completed and filed with the Securities and
      Exchange  Commission,  Washington,  D.C. 20549, in accordance with Rule
      0-3 of the General Rules and Regulations under the Act. The information
      contained in or filed with the Form will be made a matter of the public
      record in the Commission files.
3.    A manually  signed  copy of the form and  amendments  thereto  shall be
      filed  with each  national  securities  exchange  on which any class of
      securities of the registrant is registered.
4.    Amendments  to the  notification  must also be filed on Form 12b-25 but
      need not restate  information  that has been correctly  furnished.  The
      form shall be clearly identified as an amended notification.