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Technology Stocks : PRTG (PRT Group)

PRTG 1.320

-0.8%

Dec 12 3:59 PM EST

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To: SOROS who wrote (7)	1/13/1998 5:12:00 PM
From: organicgerry	Read Replies (1) of 128

I bought more PRTG today at $10.50. I don't know why it's down -- no news out. I called investor relations and have not heard back yet. PRT's revenues have ramped up from 16 mil. in the first nine mos. of 1996 to 40 mil. in the same period in 1997. Revenues will at least double every year and will hit $1 billion in three years (my opinion). PRT will make big bucks because it has creatively dealt with the programmer shortage problem in a way that gives it a competitive edge. Mellinger is definitely a Gates-type entrepreneur and I believe he will pull off a big success. However, as PRTG is currently losing money there is no way to know how low it can go. When PRT reports the forth quarter of 1997 I'll post it. Hang in there and don't pay attention to your broker.

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