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Inter@ctive Week: Neoware Jumps On Earnings

Aug 31, 2000, 13:47 (1 Talkback[s])
(Other stories by Margaret Kane)

"Shares of Neoware Systems Inc. jumped up 54 percent after the company reported a hefty jump in revenues."

"...Gross margins rose to 24.7 percent for the fourth quarter and 21 percent for the fiscal year, compared to 17 percent in the year-ago quarter and 12.8 percent in the previous fiscal year. The company said sales of higher margin Linux products, and a new manufacturing strategy for its Windows-based products helped boost those figures."

"Sales of its NeoLinux software, an embedded version of the industry- standard Red Hat Linux operating system targeted at information appliances, now account for one percent of margins."

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