Net Perceptions, Inc. (NETP) Message Board

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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: Bill Lotozo who wrote (2375)	2/2/2000 8:46:00 PM
From: Raj Ramaswamy	Read Replies (1) of 2908

Terrific...this is what CEO has to say..! Minneapolis, Feb. 2 (Bloomberg) -- Net Perceptions Inc. President and Chief Executive Steven Snyder talks about the company's fourth-quarter results. The software maker said its loss grew to $3 million, or 14 cents a share, from $1.9 million, or 46 cents, a year earlier, meeting analyst estimates. Sales tripled as it added customers. ''We exceeded even our own high expectations. When we began 1999, Net Perceptions had 70 employees. We ended the year with 210. At the beginning of the year, we had two products. Now we've grown to four vertical products. In the fourth quarter, we added important customers like Fingerhut, Home Box Office, and Mattel.'' ''We forged new partnerships, by establishing three new distributors in the Far East. Net Perceptions is well-positioned to embark on a new phase of growth in 2000. Our pipelines really look strong for our other product offerings. I'm a whole lot less concerned now (by competition)then I've been before.

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