NEOM Message Board - Msg: 18371194

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Technology Stocks : NEOM

NEOM 0.0001000

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Oct 28 12:54 PM EDT

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To: Thomas F. Radcliffe who wrote (134)	12/25/2002 12:32:24 PM
From: Pareto	of 143

Dear Thomas, NEOM is a small ENRON and I hope management of this sort of companies will be held accountable. In 2000 they reported a lot of news, without any real income. I had a small amount of shares, but I followed the company for the technology. I read their reports and there was a lot of mismanagement. In Feb. 2001 I sold the few shares, after they reported a big "multi-year 100 million licensing deal". In that quarter this deal resulted in 7 million of income. Digging into the statements, I found that the deal was with a company they had done a share swap with. The income was fake. I think KPMG did a good job making a straight statement that this was a money loosing company without a future. (see link). Message 15396530 siliconinvestor.com As an investor you have to make your own analysis, but I have lost a lot of money on similar companies, like Infospace. I expected a legal framework to be in place, where there was none. Kind regards, Pareto

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