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Technology Stocks : Entrust Technologies Inc (ENTU) -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (635)4/28/2000 3:18:00 PM
From: Happy Harry  Respond to of 1205
 
The only info I could find was through Hoover's CorpTech. I received input that enCommerce sales were down 13% to $6.7mil YE 6/30/99 with an employee cut back of 17%. The sales for YE 98 were $7.7mil. This did not give me a feeling of wild, uncontrolled growth. They also received $40mil in financing on 4/14/00, just at merger time. They (Entrust investor relations) claim enCommerce"s market cap is comparable to Netegrity but (IMHO) appear to lack the numbers and products to be in the same league. I'm not sour grapes, just thoroughly disappointed with the management and their lack of communication when blowing $500mil of stockholder equity. Next week's extravaganza may shed some light.