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Technology Stocks : Proteon
PTON 7.240-3.0%11:19 AM EST
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To: Bruce Evans who wrote (158)2/26/1997 12:22:00 AM
From: Jim Malone   of 512
 
In looking at the number of shares outstanding it is down by a couple of hundred thousand over the past 6 months. I would assume that the company has been buying back some shares although not a great amount over the past few months? I did notice yesterday that they released another new remote access product, I think we will eventually see some return here. The balance sheet is still in pretty good shape and it would seem to me that they are building their technology in a market area that will provide value to shareholders with success in the market place or a merger or buyout that should bring more than the current price per share.
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