Tech-Junkie Reader Feedback: Procera, AMD

ANGRYTOWN, U.S.A. (TheStreet) -- Richard S. wrote a strong counterpoint to our inclusion of Procera (PKT Quote) in the list of five companies that won't survive another downturn.

We wrote that Procera has been bleeding an unsustainable amount of cash in an effort to compete with big networking tech shops like Juniper (JNPR Quote) and Cisco (CSCO Quote) in what's called deep packet inspection technology. We noted that the company has had to secure outside financing twice in the past year, and that pattern would likely continue at a risk to shareholders.

But where some see dark clouds, Richard sees sunshine.

"Obtaining financing of any kind in the last 12-month environment has been difficult at best. The terms and conditions needed to raise money in a very competitive financial environment during severe economic times may not have been ideal," Richard writes.

Procera issued 4.6 million new shares of stock to raise $1.8 million in a private placement sale in May. The new shares penalized existing stockholders by diluting the value of the stock by 6%.

But Richard's no pain no glory camp argues that the financing buys more time for Procera's technology to win over more believers, er, customers.

"Your article," he writes, "doesn't come close to evaluating the company, its progress and more importantly it's potential. According to you companies such as Microsoft (MSFT Quote), Cisco, Dell (DELL Quote), etc. should have been dumped in their early years."

So from some angles, Procera isn't a company going broke selling systems that snoop on data traffic. It is really the next Google (GOOG Quote).