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Technology Stocks : NEOM -- Ignore unavailable to you. Want to Upgrade?

To: levy who wrote (123)	2/22/2001 7:32:43 PM
From: Pareto	Read Replies (1) \| Respond to of 143

levy, Neom reports a profitable quarter, caused by a license fee of 7 million dollars for the Digital Convergence deal. However, they registered on 12 February the sale of "1,400,000 shares of common stock to be issued upon exercise of warrants held by Digital:Convergence Corporation." for about 7 million dollars. freeedgar.com (click on S-3 Registration Statement) DC is named at page 8. This is what KPMG had to say about NEOM: "Our report contains an explanatory paragraph that states that the Company has suffered recurring losses from operations, has a significant accumulated deficit, and a working capital deficiency that raise substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. KPMG LLP" (at the end of the registration statement) what do you think of it?