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About Netopia, Inc.
Netopia, Inc. is a market leader in providing small, growing businesses with their Internet presence, including high speed DSL Internet connectivity solutions and new generation Web site services. Netopia's innovative products and unique customer support provide users with ''What the Internet Experience Should Be.''
The Company has been successful in helping millions of Internet and Intranet users increase their productivity. With its Netopia Virtual Office platform, Netopia has established Web site services with Netscape NetCenter, Intuit (Nasdaq:INTU - news), Concentric Network (Nasdaq:CNCX - news) and Network Associates (Nasdaq:NETA - news). With its Netopia Internet Router family, Netopia has established strategic partnerships with hundreds of ISPs including France Telecom (NYSE:FTE - news), Bell Atlantic (NYSE:BEL - news), Concentric Network (Nasdaq:CNCX - news), Earthlink (Nasdaq:ELNK - news), PSINet (Nasdaq:PSIX - news), Telecom Italia (NYSE:TI - news), Verio and UUNet (Nasdaq:WCOM - news). Headquartered in Alameda, California, Netopia's common stock is traded on The NASDAQ Stock Market under the symbol ''NTPA.'' Further information about the company can be obtained via phone 510-814-5100, fax 510-814-5021 or Internet at www.netopia.com.
Home website: netopia.com
Netopia sold its LAN unit in August 1998 to focus on its core internet/intranet technologies. Revenues are adjusted below to reflect past performance in the ongoing business to get a feel for where this company was and is:
Quarter ended Revenues
12/1996 $4,805,000
03/1997 $4,654,000
06/1997 $5,054,000
09/1997 $5,657,000
12/1997 $5,463,000
03/1998 $6,252,000
06/1998 $6,766,000
09/1998 $6,355,000
12/1998 $7,923,000
03/1999 $10,500,000
Can you guess when the company shed the LAN unit? Hence the moves in the stock price recently. Incidentally, the stock is trading at all-time highs in the last month or two. Since focusing on the internet/intranet end of business, the revenues have begun to accelerate in this space.
The fastest growing parts of the business are the DSL hardware business and the Web-platform business. Right now, the Virtual Office business is about 50% of the revenue, while 35% is coming from the hardware business.
Mr. Miller |
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