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Technology Stocks : Proteon

PTON 7.465

+0.3%

Nov 11 3:59 PM EST

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To: David E. Meyer who wrote (116)	1/1/1997 12:27:00 PM
From: Jim Malone	of 512

In reading their press release at the time of the second quarter 96 earnings release last summer Proteon stated that they would lose money for the next two quarters. The transition in business strategy hopefully will show some more progress when earnings are released in February. They may have something in the globe trotter line. I hope we see a stop to the bleeding on the revenue side and on the earnings side soon. The company is not without resources to make the transition to remote access but their resources are not bottomless and they need to show some success in stabilizing the sales and earnings figures. We should see by mid 97 where we are going here. I do like the reviews I have seen on their router product but will it take market share? That is the question.

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