Hi Alexa -- that 300k was probably ON executing its buy-back. SEE yahoo listing below.
Hi; in case you don't know about it, ONTC has almost DOUBLED in the last month! Quarter closes 10/18ish
a post to misc.invest:
(A copy of this message has also been posted to the following newsgroups: misc.invest.stocks)
Ref's to look up:
quote.yahoo.com
Lookup USA's credit listing for ON Technology: It's the highest they have: Very Good (search at lookupusa.com with ON Tech* as company & MA as state).
Editor's Choice catalog on.com paper and web catalog is the best source for Netware add-ons.
ON's Tech support : support.on.com
ON's Product Summary: on.com
ON's Firewall center: on.com
ON Technology (N:ONTC) has been moving and you might want to get in before they announce their Q3 numbers in a few weeks. ONTC listed on Inc.'s 100 (36th) fastest growing co's and the AOL Motley Fools listed them (7/22) as a company to watch with fast-growing margins and sales.
I've been following them since Mitch Kapor founded ONTC (His "second company" after Lotus); it's grown and diversified a lot since then and they have all the elements of sucess: multi-language, multi-platform, multi-market software and hardware; their own catalog to sell their and other "best of breed" software; their "unixless" IP/IPX firewall that also corrects for improper IP address setup; access to the european union; relatively smart management.
ON is really a number of seasoned companies merged together in the Intranet/Internet and enterprise networking mkts and have a direct sales model that works. This aggregate consists of Notework, DaVinci, neTrend and MeetingMaker-producing ON.
Between Davinci and Notework they have a huge user base. DaVinci eMAIL (their "Pro" Internet-capable package) and Notework (simplier, smaller email for dos and windows) packages account for more than **75%** of the NetWare-based e-mail market.
ONTC does support and sell to the 55 million seat Netware market, but have also moved beyond Novell by fully diversifying their products to cover Internet protocols over the last few years.
Their Editors Choice catalog is the place to go to get their own & the best Netware add-ons, network admin tools and related software.
Who uses ON's stuff?
Well, remember when a certain Bill Clinton was complaining about "where's my email" when entering the White House? He was talking about Notework, ON's simple email package (they make DiVinci too) which the Democrats used to take back the White House.
Gold Medalist Andre Aggassi's Las Vagas company uses their Meeting Maker product to schedule his court time, matches and tennis sneaker purchases.
CEO Chris Risley has done a solid job of bringing all the elements together for success (international distribution, multi-language support, 35k+ corporate networks in 45+ countries worldwide).
I think the icing on the cake is their ON Guard "unixless" Internet/Intranet firewall. This 6k-16k box is needed on every IP/IPX network to keep out the bad guys when hooking to the Internet.
ON Guard could be their break-out product, much like when every network needed remote access, they bought Shiva's Lan-Rover. SEE:
Internet security On Guard: A plug-and-play firewall for the rest of us
infoworld.com
On Guard passed PC Week's (June 24, 1996) brute force attacks by Internet Security Systems' Internet Scanner
(http://iss.net/)
pcweek.com
National Computer Security Association's look at ON Guard
ncsa.com
ON Guard sales are great (selling since Q2) and with ON's direct marketing they will have a banner Q3. They've been using a "30-days free" kick-the-tires marketing for longer then any other company (Netscape was just an 14-yr-old sophmore when they started), and they have a huge telemarketing setup which talks to 100k customers per month.
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JTR |
