SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?


To: Nikos Tsivranidis who wrote (516)6/16/1999 1:46:00 PM
From: Wolverine  Read Replies (2) | Respond to of 1222
 
From Individual Investor - New Era of Networks(NEON) was down $3.63, or 10%, to $39.63 after the No. 1 maker of software that links incompatible computer programs agreed to buy Microscript Inc. for $34 million in cash and stock to gain Microscript software used with Microsoft's Windows NT operating system. Closely held Microscript's software helps different programs made for Windows NT work together. New Era said it expects to benefit from Microscript's telesales system and its low-cost products for computer systems using a variety of different software. However, investors apparently don't agree.




To: Nikos Tsivranidis who wrote (516)6/16/1999 2:23:00 PM
From: JohnP  Respond to of 1222
 
It is hard to understand the dynamics of the stock price of NEON. The Research section on Yahoo indicated 9 brokers with recommendations, 8 are a strong buy and 1 a buy with no one saying hold or sell.
Their financials and growth look solid and they are acquiring good companies as far as I can tell.
Also today there was good news on Oracle, and many software companies are up, but NEON down 10%? Not sure if there is news that is not public or if institutions are flipping stocks for window dressing quarterly reports or what. If it is institutions, I would think there would be a rise after the quarterly report.
Just some thoughts...