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Technology Stocks : PRMO - Premenos

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To: Roger McCoy who wrote (63)	2/5/1997 10:04:00 PM
From: meng chua	of 240

Roger, this is the article that just released in Barron website yesterday! Hope you enjoy! The earnings is coming out tomorrow! Good Luck to all ! Wheat First Rates Premenos,Harbinger Initial Outperform>PRMO Dow Jones News Service ~ February 4, 1997 ~ 12:11 pm EST NEW YORK (Dow Jones)--Wheat First Butcher Singer started Harbinger Corp. (HRBC) and Premenos Technology Corp. (PRMO) with outperform ratings. In a research note, Wheat First said Harbinger is well-positioned in the electronic data interchange sector in part because of its targeting of small and midsize companies. The brokerage firm estimates 1996 net income of 27 cents a share and 1997 net income of 53 cents, and its target share-price range is 32 to 34. The company's shares were trading recently at 28. Separately, Wheat First said the downside risk in Premenos shares is limited, while upside potential remains if the company rediscovers its earnings momentum or becomes a takeover candidate. Premenos stock was trading recently at 9 1/8. For Premenos, Wheat First sees a loss of 26 cents a share in 1996 and net income of 18 cents in 1997. (END) DOW JONES NEWS 02-04-97 12:10 PM

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