CITY INSIDER
CITY INSIDER
Neon shares took a dive last week after it warned that Q2 profits were going to be lower than expected--a loss of around 12-22 cents per share. Analysts rushed to downgrade the shares, most ending up with a "hold" recommendation, having earlier mooted it as a "strong buy", while tut-tutting loudly about Neon's recent acquisitions. It is clear that the purchases of Vie Systems, SLI, Microscript and D&M raised Neon's overheads significantly. There are around 400 more mouths to feed compared with
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