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The investment report on Network Engines Inc. (Nasdaq:NENG) should be of particular interest to IT companies: Hewlett-Packard Company (NYSE:HPQ), Novell Inc. (Nasdaq:NOVL), Sun Microsystems Inc. (Nasdaq:JAVA) and Oracle Corp. (Nasdaq:ORCL).
It is available at: http://www.stockpreacher.com/n/NENG
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Network Engines Inc. (NENG) is a leading provider of application platforms, appliances and support services for software developers, original equipment manufacturers (OEMs) and service providers worldwide. The Company's application platforms are server-based pre-configured network infrastructure devices designed to deliver specific software application functionality and increase the security of that software application in a customer's network.
In the report, the analyst notes:
"Despite a tough selling environment, the Company reported that it has again increased cash to finish the fiscal third quarter of 2009 with $19.7 million on its balance sheet. The Company demonstrated continued success in achieving new design wins and made solid progress in its efforts to expand customer base and grow revenue opportunity.
"NENG president and CEO Greg Shortell said the Company increasingly benefits from the trend of software developers focusing on their core strategic competencies and outsourcing non-core aspects of their business to reduce expenses, adding that the Company's ability to seamlessly address all issues surrounding the hardware on which their software runs, thereby reducing their hardware investment and improving their customers' satisfaction is a value which is resonating throughout the marketplace."
To read the entire report visit: http://www.stockpreacher.com/n/NENG
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