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Technology Stocks : PRTG (PRT Group)

PRTG 1.320

-0.8%

Dec 12 3:59 PM EST

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To: Harold S. who wrote (34)	3/6/1998 12:47:00 PM
From: Captain James T. Kirk	Read Replies (1) of 128

I see lots of Egg on his face !!! Reuters, Friday, March 06, 1998 at 12:07 NEW YORK, March 6 (Reuters) - Salomon Smith Barney said on Friday it cut its rating on shares of PRT Group Inc to neutral from buy, after the company preannounced a first quarter net loss of about $3 million or $0.16 per share. -- Company attributes loss to customer delays in start-up of new projects as well as changes in ramp-up plans of existing projects where PRT had already hired consulting resources. -- Analyst Keith Mullins lowers 1998 revenue assumptions to about $105 million from $123 million and 1999 revenue assumptions to $160 million from $175 million. -- Downgrade based on lack of visibility and management credibility, he said. -- Stock slides 9 to 10-1/8. Copyright 1998, Reuters News Service

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