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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (560)	7/7/1999 9:01:00 AM
From: JakeStraw	Respond to of 1222

Prudential Cuts New Era to Hold From Strong Buy

To: Susan Saline who wrote (560)	7/7/1999 9:06:00 AM
From: JakeStraw	Respond to of 1222

Warburg Dillon Read Reduces New Era of Networks to Hold

To: Susan Saline who wrote (560)	7/7/1999 9:12:00 AM
From: David Perfette	Read Replies (1) \| Respond to of 1222

IMHO, the big question is whether all the bad news is out yet? Here's somewhat of a positive from Bloomburg. New Era told analysts on a conference call that several of its sales slipped into the next quarter and that it incurred costs in anticipation of the sales. ''They noted the company hired more than 400 people during the quarter, so that contributes obviously,'' said John McPeake, a Prudential Securities analyst who has a ''strong buy'' rating for New Era. McPeake forecast $32 million in second-quarter revenue. Hopefully, the sales slipped, and were not actually lost. -David P.