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Technology Stocks : Proteon

PTON 7.460

-0.1%

Nov 12 3:59 PM EST

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To: Bruce Linton who wrote (51)	11/3/1996 8:38:00 AM
From: Webb B Blackman Jr	of 512

Bruce, Proteon seems set on setting new lows each day. Do you think that it is time to call it quits and drop the companies stock or is there a future for this company. I have had the stock since it was around $5 and have seen it as high as $9 or so. I first heard of the company at the recommendation of Olde Discount and wonder now if the only reason that they offered it for possible sale was that they had a larger customer wanting to dump the stock. The news releases that the company puts out seem to be positive, but it just does not seem to help the price of the stock. Any thought on the company would be greatly appreciated. --- webb ---

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