Keep an eye on NEON tomorrow. Missed earnings
Company News
Buy 1000 SRCH @ 13 3/8 ExecutedSell 1000 EDGR @ 16 3/4 ExecutedBuy 1000 SRCH @ 14 3/8 CancelledBuy 2000 SLNE @ 10 3/8 ExecutedSell 1000 ZIPL @ 13 Executed July 6, 1999 6:08 PM EDT
Headlines from Reuters
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07/06 16:21 New Era of Networks, Inc. Announces Anticipated Second-Quarter
NEON.O>
New Era of Networks, Inc.
Announces Anticipated Second-Quarter Financial Results
DENVER, July 6 /PRNewswire/ -- New Era of Networks, Inc.(TM) (Nasdaq: NEON), announced today that, based on a preliminary analysis of its results for the quarter ended June 30, 1999, it expects revenues for the quarter to be in the range of $25 million to $30 million, compared with revenues of $11.5 million in the quarter ended June 30, 1998, and $29.6 million in the first quarter ended March 31, 1999. The company expects a net loss in the range of $0.12 to $0.22 per share, excluding acquisition- related amortization and other charges and assuming a normalized tax rate of 35 percent.
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Said to be trading down 24 points on instanet. If it drops that far tomorrow it may be good for a bounce.
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