What Really Happened To The Hot Picks Of '92Veronica Byrd
A couple of years ago, Easel Corp. was an emerging star in the high-tech firmament. Its networking software, dubbed Enterprise Workbench, was a hit with companies looking to enhance the capabilities of their mainframes by linking them to personal computers. And Easel's bottom line reflected the popularity of its product. Between 1989 and 1991, earnings rose by an average of more than 100% a year, while revenues grew by a staggering 70% a year. It was a stunning performance that earned Easel, based in Burlington, Mass., a spot on BUSINESS WEEK's list of Hot Growth companies in 1991 (No.61) and again in 1992 (No.41).
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