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Technology Stocks : Proteon

PTON 7.465

+0.3%

Nov 11 3:59 PM EST

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To: Joseph E. Caiazzo who wrote (118)	1/3/1997 7:42:00 PM
From: Jim Malone	of 512

Joseph or anyone else: Is there any evidence that they have improved their sales and marketing along with the ceo change? I understand that they are going to market their remote access products with a more aggressive marketing campaign. Anyone have an idea where this marketing campaign my be targeted at? If anyone sees any adds in trade periodicals let us know on this board. The PC Week article mentioned that they were going to continue to release new products in the first half of 97, now if they can just get sales ramped one step at a time. In looking over their past performance it is my guess that at around the 14-15 million dollar mark in revenue they could reach a break even point. The last two quarters have shown 10.6 million. Hopefully this can be improved upon in the next couple of quarters and we may have something. I have had some success in turnaround investing with (ZEOS in 94 with a buyout) SEEQ in 95, ROSS in 96 and hopefully PTON in 97. We will see.

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