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Technology Stocks : Proteon
PTON 7.250+7.7%10:21 AM EST

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To: Joseph E. Caiazzo who wrote (399)10/25/1997 12:06:00 PM
From: Brad Brubaker  Read Replies (1) of 512
 
Does this company have any hope of turning around the downward trend in revenues? At the encouragement of my FORMER broker over two years ago, I bought into the hype that this company had a future. Of course, that was when the share price was approx. $8/share. However, at least when Olde covered this stock, we were informed in advance of earnings if Proteon expected them to fall short of expectations. Now, on earnings release dates we are informed of news like from Oct. 24th, revenue decline of 50% vs. same quarter last year and a .19/share loss.

This leads me back to my original question, what substantive changes will Proteon make to turn this ship around? Also, a couple of months ago Proteon sold their Token Ring rights to an English company, what economic benefit was derived?

Proteon must begin sharing pertinent information to its investors so we can begin making informed decisions about our future investments.

Any insight into my questions are greatly appreciated. Thanks for the insight everyone on this string has provided and hope will continue to provide in the future.

Thank you,
Brad
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