NTY Network Tech.

RNS Number:1914Q
Network Technology PLC
18 January 2002



TO: COMPANY ANNOUNCEMENTS OFFICE


Outlook


As so many companies, we also have been suffering from the September 11 outfall 
and had predicted a recovery for our company about now.

However we did not see a fall but a steady inflow of business where we had 
expected a steady rise. Our analysis shows that this was directly related to 
deferred investment decisions in the established economies.

Most companies to which our products are sold to are public entities and will 
have to believe that the economy and markets will pick up, and so do we. As our 
technology is quite unique and had a rather long development cycle, it is a 
reasonable assumption that we will be doing well as soon as the economy 
recovers.

The stock markets will try to guess this, probably several times, before the 
economies really recover, which, pending any currently unforeseen incidents, we 
predict in late 2002 consistent with any of our earlier statements and guidance.

At this point it would be foolish to give guidance for the coming quarter that 
is less than prudent, however the technology has seen a boost in January 2002 
and we expect to give guidance to analysts in March 2002.

Some of the new technologies have the potential to produce turnover of 100 
million plus at good margins, and will rely on the availability of funds for 
related marketing activities during 2002. Hence the board asked for approval of 
9.9% of shares to be made available for direct investment, which was granted at 
the AGM. The directors may recommend together with brokers a further issue of 
shares during the current period.



FROM: NETWORK TECHNOLOGY PLC

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