About a year ago, we picked Network Engines (NENG) as a potentially solid turnaround candidate in the technology sector. Back then, the stock was trading at $1.88 per share and the company was losing money.

Back in August 2006, we alerted subscribers to the potential of an expanded Network Engines/Microsoft partnership, following Microsoft’s acquisition of Whale Communications. Today, much to our delight, but not surprise, Network Engines (NENG), released an important PR that actually details an expanded business partnership between the two companies.

Network Engine’s (NENG) released its 10-K last evening. The report is an interesting read since it gives an excellent summary of the company’s changes in 2006 and the new strategic direction for the coming year. As we mentioned when we first started coverage of NENG back in February 2006 at $1.88 per share, 2007 should […]