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Technology Stocks : Network Engines, Inc. (NENG)
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To: Glenn Petersen who started this subject9/11/2000 11:52:55 AM
From: thomas a. burke  Read Replies (1) of 49
 
Nice mention in today's "Red Herring":

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ON ALL CYLINDERS
On July 10, I noted that Network Engines (Nasdaq: NENG)'s
planned $77 million IPO looked like one of the better deals I'd seen
in a while ("Network Engines revving up for IPO"). The company,
which makes plug-and-play servers used to upgrade Web sites,
planned to sell 5.5 million shares at $14. For its July 12 pricing, the
IPO was upgraded to 6.5 million shares at $17, raising $110 million.

Despite the price hike, Network Engines has not disappointed. The
young company is quickly revving up sales while putting the brakes
on losses. In August, it reported a June quarter loss of $2.9 million
on $14.5 million in revenues compared with a $3.6 million loss on
$1.6 million in revenues for the March quarter. The stock now trades
at around $39.

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Link to full article:

redherring.com

Tom B.
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