Anyone have any info on Paul Bieganski, CTO of NETP? According to Yahoo Insider, he sold 9,000 on 12/29/2000. Obviously, he could have done so for "individual" reasons which are unrelated to the future outlook of NETP.
I'm interested in his employment status at NETP and whether he was one of the few which left NETP on good or bad terms.
Serious comments only.
Is today's news of Brylane buying NETP solutions old or breaking news?
I realize many of you think NETP has no viable business strategy for making profits however, if the Brylane deal is any indication of the future then NETP might just be the steal of the century.
I would guess that this announcement will result in many call centers looking at NETP's solutions. I'm sure these companies will look at other solutions too, however you can be sure that it only takes a small percentage of these to make huge money.
There are up to 75,000 call centers in the US and another 50,000+ outside the US.
In closing, I know many of you are ticked at NETP for their performance over the past few years but we are going to see the dividends start to pay off this year.
I read in Information Week a few weeks ago that the companies which will benefit mostly in the battered B-T-C market are companies like Macy's (No other company mentioned). No mention of NETP either, however MACY's is a NETP client.
It may not happen today, but I think NETP is positioned to take their fair share of the market and profits. I also think that many of you who predicted that NETP will be taken out are correct however it will not be for $2 per share. I don't have an range but it will be a very handsome return from where we are today.
If you bought to make a quick buck and didn't research the company then it's your fault. It's not like the NETP kept anything from shareholders. It's called business and only 5% actually make it out alive. NETP is one of the 5%. Sure it may not be a BVSN, but it's no Boo.com either.
Perhaps NETP management was green when they developed the technology and company but now they are far wiser.
"What doesn't kill you makes you stronger".
Large corporations today are not investing millions in technology unless they think the company and solution are viable.
Real wealth creation comes from compensation earned in your profession. Look to the equity market for "investing" not day trading and you'll come out a very wealthy individual.