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Technology Stocks : PRMO - Premenos
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To: Bill Rogers who wrote (69)2/10/1997 11:29:00 PM
From: Mark Catalano   of 240
 
Hi Bill,

I am also confused on the stock movement on PRMO during the last 3 months. The stock was trading strong in the low 20's, then tumbled down all the way to 7 3/4, just because the CEO resigned and that was already planned. Not making much sense. Also earning were down because of aquistion costs, also not a big deal. But revenues were up over 30% last quarter, the fact of the matter is that PRMO is profitable and have deals with many major players, including ATT and IBM. Many people tend to be fickle in writing off PRMO. I feel it is still undervalued, what is your accessment and why no recovery from the drop?
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