Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: tracor who wrote (70317)	11/8/1999 4:24:00 PM
From: SMALL FRY	Respond to of 120523

NEON - CSFB target => 58; Prudential => 60 New Era of Networks Rises as Analysts Upgrade Ratings (Update1) New Era of Networks Rises as Analysts Upgrade Ratings (Update1) (Adds comments in 4th to 6th paragraphs; updates share activity.) Englewood, Colorado, Nov. 8 (Bloomberg) -- New Era of Networks Inc., whose software links incompatible computer systems, rose as much as 16 percent after two analysts upgraded their ratings and another software maker licensed its technology. New Era, known by its stock ticker Neon, rose 5 3/16 to 48 3/16 in early afternoon trading of 1.6 million shares. Earlier, they touched 50. Its shares have been rising after falling to a 52-week low of 12 3/16 in August from a 12-month high of 78 3/8 in April following an unexpected second-quarter loss. Neon said it will license its technology to BEA Systems Inc., which helps companies link older computer systems with new Web sites and Internet software. Analysts John McPeake of Prudential Securities and Wendell Laidley of Credit Suisse First Boston upgraded their ratings, saying Neon should benefit from a broader product line obtained through several acquisitions this year. They also said its shares are undervalued compared to rivals such as Tibco Software Inc. and Active Software Inc. ''New Era is possibly in the best position they have been (in) since going public in June of 1997,'' McPeake said in his report. McPeake, who met with Neon executives Friday, wasn't immediately available for comment. Neon should benefit from tighter control on expenses and strong sales through International Business Machines Corp., which resells Neon's software, McPeake said. Its fourth quarter results could exceed the average analyst estimate of a loss of 3 cents a share, based on a poll by First Call Corp., he said. McPeake raised his rating to ''strong buy'' from ''accumulate'' and increased his price target to $60 from $32. Laidley increased his rating to ''buy'' from ''hold'' and raised his price target to $58 from $32. Englewood, Colorado-based Neon also competes with TSI International Software Ltd.