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Technology Stocks : PRTG (PRT Group) -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (35)	3/6/1998 12:49:00 PM
From: Anthony Wong	Respond to of 128

RESEARCH ALERT - PRT Group lowered Friday March 6, 12:05 pm Eastern Time NEW YORK, March 6 (Reuters) - Salomon Smith Barney said on Friday it cut its rating on shares of PRT Group Inc to neutral from buy, after the company preannounced a first quarter net loss of about $3 million or $0.16 per share. -- Company attributes loss to customer delays in start-up of new projects as well as changes in ramp-up plans of existing projects where PRT had already hired consulting resources. -- Analyst Keith Mullins lowers 1998 revenue assumptions to about $105 million from $123 million and 1999 revenue assumptions to $160 million from $175 million. -- Downgrade based on lack of visibility and management credibility, he said. biz.yahoo.com