Network Engines, Inc. (stock symbol: NENG)
From the most recent 10-K:
“Network Engines develops and manufactures server appliance solutions that deliver software applications on server appliances. To date, a large portion of our revenues is derived from the sale of server appliances to customers in the data storage and network security markets. Server appliances are pre-configured network infrastructure devices designed to optimally deliver specific software application functionality while facilitating ease of deployment, improved manageability and increased security of that software application in a customer’s network. A server appliance deployment is intended to reduce the total cost of ownership associated with the deployment and ongoing maintenance of software applications within a customer’s information technology (“IT”) infrastructure.”
Company website: networkengines.com
SEC filings: sec.gov
When the company went public on July 13, 2000, it raised $127,035,000 through the sale of 7,475,000 shares at a price of $17 per share. The stock opened at $28 on its first day of trading and closed the day at $29. The stock subsequently traded as high as $45.375 per share. When the Bubble burst, the stock traded as low as $.54 per share during the quarter ending September 30, 2001. |
