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Technology Stocks : PRTG (PRT Group)
PRTG 0.649-2.3%Dec 24 9:30 AM EST
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To: organicgerry who wrote (123)10/28/1998 12:13:00 PM
From: organicgerry   of 128
 
I listened to the conference call at (703) 925-2417, code 1094251.

This is what I remember:

Management is obviously disappointed with the results and is focusing effort on increasing sales revenues.

Company has been restructured to better serve needs of customers.

Focus will be on marketing and expanding sales force.

New compensation plan will be in by January 1st.

Utilization rates and margins are increasing, S,G & A is under control -- flat from first quarter.

Ten new clients since June, five of them since September. Noticing uptick in clients resulting from reorganization.

Many new opportunities are presenting themselves.

Overall employee turnover rates are very low -currently 724 employees in consulting positions.

Biggest problem -- sluggish revenue growth.

Less reliance on bank clients and more reliance on insurance clients.
Less reliance on biggest clients, but most revenue still comes from top five clients.

Y2K issues already pretty much solved for main clients -- they can now address other issues.

I would be interested in hearing from others -- do you think we've seen the worst and PRTG will turn the corner? Is this a buying opportunity or could the stock price go even lower? I can easily see a scenario where the company returns to profitability in a year and the stock price quadruples.

Now that the stock is already about $3 (I paid $10) I plan to hang on to my shares. As I mention in a prior post, I think Doug Mellinger is very smart. But it looks like I will have to be patient.
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