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

To: Jimbo Cobb who wrote (590)	7/7/1999 8:08:00 PM
From: Dave Twibell	Respond to of 1222

Pulled this excerpt from a Briefing.com article on NEON. The gist of the article centered on the current valuation of NEON, but though that this section of the article was interesting: ___________________________________________________________________ "Long term business prospects are probably still fairly good at New Era for Networks. It just isn't on a growth curve. In fact, over the next three years, as more and more legacy enterprise systems come to the internet, the market for middleware is likely to grow substantially. But possibly not until the Y2K problem has come and gone. At the time of this writing, we have only the press release to analyze, but it is likely that a Y2K slowdown in corporate IT spending has a lot to do with NEON's slowdown in growth. Many corporate IT departments will think twice about starting new projects involving integration of legacy systems with the Y2K "big test" right around the corner. If the Y2K problem is behind NEON's revenue slowdown, it means next quarter could be even worse. But it also means the year 2000 could be a great growth year. But the stock market doesn't look that far ahead. If NEON isn't going to grow over the next second months, it doesn't get growth stock valuations now. It is as simple as that." Dave