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Technology Stocks : NetObjects, Inc. (NETO) -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (79)5/10/1999 1:25:00 PM
From: Cesare J Marini  Read Replies (1) | Respond to of 278
 
scary? reasons...

Too many to list here fully. Take a look at their S-1 registration for the IPO, and you'll see what I mean:

* Accumulated deficit of $55 million.
* The company acknowledges that they HAVE to go public just to stay in business.
* Debt to IBM of $19 million
* Their own auditors don't feel comfortable about NETO's ability to continue as a going concern
* Professional Web developers prefer Dreamweaver, GoLive, BBEdit, and Homesite; small business developers prefer FrontPage (and I'm not making that up. Read ANY web trade publication!)

But I recommend reading the S-1 for yourself.