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Technology Stocks : Proteon

PTON 7.605

+2.2%

2:17 PM EST

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To: Webb B Blackman Jr who wrote (164)	3/5/1997 1:28:00 PM
From: Jim Malone	of 512

My own opinion is that Proteon is worth a look but I have been optimistic on this company since last fall. I think it will take some improvement in sales numbers to get investors interested again. Proteon has been hovering around 10 million per quarter in sales for two or three quarters now. Proteon/OpenRoute has just finished a restructuring and the break-even point should be lower now but hopefully they can show some sales increases soon and if so the stock should rebound to the 5 dollar level. Proteon/OpenRoute does have a good balance sheet for a two dollar stock, I don't think that it will go below 2 dollars per share given their good balance sheet, but I have been wrong before. You will have to formulate your own opinion on this company, I am optimistic and welcome any input also. I am of the opinion that large welll known companies and their stocks are very pricey right now, I am looking for a small company hopefully like OpenRoute/Proteon that will turn in some good numbers this year and be a good investment value at current levels, we will see.

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