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Technology Stocks : Predictive Systems, Inc. (PRDS)

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To: HiSpeed who wrote ()11/9/1999 5:44:00 PM
From: Michael Ulysses  Read Replies (1) of 31
 
For the six months ended 6/30/99, revenues totalled $22.6 million, up from $9.5 million. Net loss applicable to Common fell 75% to $192 thousand. Results reflect an increase in the number of projects, partially offset by higher recruiting costs.

Long-term debt .4m

Research firm International Data Corp. (IDC) expects worldwide market for networking consulting services to grow to $25.5 billion by 2003 from $12.1 billion in 1998.

``We feel network consulting, design and integration services will be a growth area for many years to come,' said Richard Dean, IDC's senior research.

``The market is going to continue to stay hot as companies build out their networks. Security services are also going to play increase important role in the e-commerce world. Companies like Predictive are well-positioned to meet those demands,' he said.
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