nete Message Board - Msg: 8398289

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Technology Stocks : nete

NETE 0.0855

-1.7%

Jan 6 9:30 AM EST

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To: Kenneth M. Koff, CPCU who wrote (165)	3/18/1999 7:11:00 PM
From: Pluvia	Read Replies (2) of 369

Looking at NETE from another perspective... Back in Nov '98 NETE only had 2.6 million in cash, losing 3.9 million per Q, by now, (5 months later), NETE must be absolutely flat broke. OUCH!! Congratulation - everyone who bought stock today now owns a company that is: 1. FLAT broke; 2. Produces ~One~ insignificant software security product, thus making them the ~classic~ one product company; 3. Has only one product that faces stiff competition from other software companies. Gee, doesn't being broke make it tough to compete? Seems like it might be hard to pay those programmers to maintain the product when the company has no money???? Bet that helps you sleep well... Cheers Steve

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