New Era of Networks (NEON) Message Board

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Technology Stocks : New Era of Networks (NEON)

NEON 3.030

-0.7%

Oct 31 9:30 AM EDT

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To: accountant who wrote (1218)	2/21/2001 2:56:51 PM
From: Sultan	Read Replies (1) of 1222

Decided to dump.. I have to say CEO of NEON comes across as a bum.. Here is what Sybase CEO said of the deal.. "I'm actually surprised that the investment community sees it differently," said John Chen, Sybase's chief executive, in a Wednesday interview. "A 37 percent premium is very fair and reasonable. In fact, it's on the low side." He said that New Era could have demanded as much as a 60 percent premium. Chen touted that New Era has $50 million in cash and no debt. He said the book value of the company is below Sybase's offering price. www2.marketwatch.com

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