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Technology Stocks : PERL (Perle Systems) -networking products for eBusiness -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (51)	12/10/1999 7:22:00 AM
From: Pluvia	Read Replies (1) \| Respond to of 176

Today is Friday - Who is going to hold this long over the weekend? I suspect very few. Remember the 4rth teir China stocks running several weeks ago... Don't be caught holding the bag on the way out the door.

To: Pluvia who wrote (51)	12/10/1999 9:54:00 AM
From: Wolff	Read Replies (1) \| Respond to of 176

( BW)(NJ-THETRUTHSEEKER.COM) TheTrutheeker.com Announces Investment Opinion on Perle Systems Business Editors NOTE TO EDITORS: The following is an investment opinion issued by TheTruthseeker.com NEWTON, N.J.--(BUSINESS WIRE)--Dec. 10, 1999--The Truthseeker initiates coverage on Perle Systems (NASDQ: PERL) with a immediate sell/short sell and a price target of 2. Perle Systems is being mistaken by daytraders as a "LINUX play" as though its products have anything to do with the current market interest in the free LINUX operating system. Nothing could be further from the truth. Its announced LINUX and Windows drivers for its boards is a NONEVENT, and adds nothing to the market value of the company. Perle sells hardware boards which enable serial connections when plugged into a computer. Its products support dial-up connections via modem, ISDN, T1 or E1 connections. Its boards are not proprietary -- there are numerous competitors in this market, and Perle's offerings are basically commodity items, not protected by patent or other barrier to entry. Named competitors include Shiva, Cisco, Ascend, Digi International and 3Com, as well as a numerous others. The company uses the same magical phrase describing its products: "Remote Access Solutions" as a fluffy synonym for the ho-hum words "modems" or "serial port communications connection." But the meaning is the same. Ariel Corp. (ADSP) used exactly the same language last week, when daytraders pumped a 4 dollar stock as high as 55. It is now trading at 11 dollars per share. There is further source of confusion in the name "Perle." PERL is a computer scripting language used in UNIX, mostly used years ago in early website construction before more sophisticated development tools and languages were developed. There is absolutely no connection between this programming language and Perle Systems. The company's working capital has fallen 75%, to $3.3M. Net profit was $1.3M Canadian, or appx. .17 per share. However, applying US GAAP accounting standards, net loss was $1.1M and loss was .15 cents per share, due to write-off of in-process research related to an acquisition. In summary, Perle Systems is an unremarkable serial card and terminal connectivity board manufacturer. It sells its products with drivers for all major operating systems, and does not stand to profit in any dramatic way by an increase in Linux's market penetration at Windows' expense. Current market valuation is based on daytrader speculation only, and the stock will soon return to its historic levels -- appx. 2 dollars per share. Buyer Beware!!