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Technology Stocks : Proteon
PTON 7.465+0.3%3:59 PM EST

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To: bcoch who wrote (173)3/21/1997 5:51:00 PM
From: Jim Malone   of 512
 
1995 seemed to be the year they were getting things on track, they had a decent profit on 75 million in revenues but last year the bottom dropped out. They have been consistently around the 10 million dollar point in revenues for about 3 quarters now, They will have a lower break even point this quarter with the restructuring that took place. I was hoping the announcements late last quarter with PSI Net, NTT of Japan, and the release of their firewall product last quarter and the Globetrotter 72 this quarter would give them a decent chance to increase revenue beyond the 10 million dollar point. If they can increase revenue and stop the red ink and keep their over 20 million in cash this stock should appreciate in price, but at this point all of this is up in the air and the market seems to hate small techs right now, I don't look for any relief in stock price movement until they show thier numbers.
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