Proteon Message Board - Msg: 1078154

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Technology Stocks : Proteon

PTON 7.515

+1.0%

12:18 PM EST

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To: PAR who wrote (186)	3/27/1997 1:36:00 PM
From: Jim Malone	of 512

The information I got was that this is NOT a bad quarter. Sales could be better but with the latest restructuring the company is on track for break even in the first half of this year. As posted earlier they have over 20 million in cash and no debt, I don't think they are going under, perhaps a sale or merger if business does not pick up? I don't necessarily blame current management for the troubles of this company. Mr. Capone did come in as CEO in 1994 long after the decline had already started. He refocused the company and 95 was a profitable year. They were into the token ring marketplace in a major way and token ring has lost momentum. The key is getting their new products off the ground in sales now that the company has reduced costs. I think it can be done .

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