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[email protected] Week: Neoware Jumps On Earnings

“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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