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Company Interview Excerpt
CHARLES BOYLE III - PROPHET 21 INC (PXXI)


Full article published: 10/15/2001


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TWST: Can we start out with a history and overview of Prophet 21?
Mr. Boyle: Prophet 21 develops enterprise software solutions, including an Internet trading network, and offers supporting professional services for durable goods distributors that enable them to increase sales and improve customer service while reducing operating costs. Ever since our founding by John and Dorothy Meggitt in 1967, Prophet 21 has positioned itself as a leader in serving the technology needs of durable goods distributors in North America. We currently have nearly 2,000 customers ' each with an average of five stocking locations ' that utilize Prophet 21's technology and technology services. Our core target markets include industrial, fastener, electrical, and plumbing distributors.

TWST: And how big is the market in total?
Mr. Boyle: The durable goods distribution market in North America encompasses nearly 40,000 prospects. This figure is based on our own, verified research.

TWST: So you have room for growth.
Mr. Boyle: Definitely. While we've explored opportunities beyond North America, we believe that there's more than enough market share for growth right here.

 

Tickers included in this excerpt: PXXI

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.