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                                      Filed by Sybase, Inc.
                                      Pursuant to Rule 425 under
                                      the Securities Act of 1933
                                      Subject Company: New Era of Networks, Inc.
                                      Commission File No. 000-22043


EXTERNAL Q&A FOR NEON ACQUISITION


1)  WHY DOES SYBASE WANT TO ACQUIRE NEON?

    In agreeing to acquire NEON, Sybase sees an attractive opportunity to
    capitalize on the segment of the e-Business marketplace that demands the
    integration of existing applications with new e-Business applications. This
    market segment desires to expand its current business model into one of
    seamless e-Business. Sybase believes this is a huge market, as validated by
    market analysts like Gartner, META, Giga and Delphi. Sybase has strategized
    to focus on this emerging marketplace with products, horizontal and vertical
    solutions and best of breed application and delivery solutions. By combining
    Sybase and NEON technology we believe Sybase would be able to offer the most
    advanced e-Business products and solutions available on the market.


2)  WHAT WOULD THIS ACQUISITION DO FOR SYBASE CUSTOMERS?

    We expect the combination of NEON and Sybase technology to enable customers
    to develop e-Business solutions faster. By integrating our engineering,
    professional services, sales, and partners around our platform, customers
    would be able to create e-Business solutions in months instead of years.
    Sybase will meet key customer needs, including integration both internally
    and for business-to-business commerce; the ability to build new application
    functionality; content management and personalization; expansion into new
    vertical markets; retail, distribution and manufacturing; and perhaps most
    crucial, delivery to mobile and wireless devices. Our key channels
    initiative would be substantially enhanced by key NEON partnerships that
    include IBM, Microsoft, and HP.


3)  DOES THIS INDICATE A SHIFT IN SYBASE'S OVERALL E-BUSINESS STRATEGY?

    Our agreement to acquire NEON represents an evolution of our EP and
    e-Business strategy. EP is evolving into an e-Business platform. This has
    been confirmed by the leading industry analysts: Giga, Meta and Gartner.
    Customers are demanding an open, extensible platform to integrate existing
    legacy applications and build new applications on the platform. At the same
    time, because of the Internet revolution, customers need to deliver this in
    a portal fashion. Sybase is poised to take a leadership position because of
    our strengths in applications servers, EP, mobile, vertical solutions in
    financial services and e-Analytics.

4)  WILL THE PROPOSED ACQUISITION OF NEON NEGATIVELY AFFECT THE SALE OF OTHER
    SYBASE PRODUCTS?

    We do not believe the acquisition of NEON will negatively affect the sale of
    our other products and services.

5)  WILL ANY PRODUCTS BE DISCONTINUED IF SYBASE ACQUIRES NEON?

    There are no current plans to discontinue any Sybase products if NEON is
    acquired.


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6)  WHERE WOULD NEON FIT IN WITH THE CURRENT SYBASE STRUCTURE?

    Upon completion of the deal, Sybase plans to create a new e-Business
    division which will combine NEON with certain aspects of its existing
    businesses. It is anticipated that Rick Adam, currently the chairman and CEO
    of NEON, would head the new e-Business Division as president. With its
    e-Business integration software platforms, NEON technology would provide
    Sybase with many components that would advance our leadership position in
    e-Business.

7)  WHAT ABOUT THE PRODUCTS?

    We expect to integrate NEON's technology into the products and services of
    our new e-Business Division which we plan to launch upon completion of the
    acquisition. We anticipate that the new division will incorporate NEON
    product offerings, including e-Biz Integragor and Process Server, as well as
    products from our ESD and IAD divisions, including Enterprise Portal,
    EAServer, PowerJ(R) and PowerDesigner(R).

8)  HOW IS THE ACQUISITION OF NEON EXPECTED TO AFFECT SYBASE'S STOCK PRICE?

    We, of course, cannot predict what the stock market will do but we do know
    that we are excited about the capabilities this acquisition brings to
    Sybase.

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FORWARD LOOKING STATEMENT: The information provided herein contains
forward-looking statements regarding Sybase's proposed acquisition of NEON that
involve risks and uncertainties, including statements regarding the effect of
this transaction on Sybase's earnings and its business, Sybase's expectations
regarding the success of NEON's products in Sybase's product lines, Sybase's
expectations regarding the growth of the e-Business market generally and
Sybase's strategy generally. Actual results may not be realized, or may vary
materially from results that may be discussed in these forward-looking
statements. Factors that may affect actual results include the risks inherent in
completing the acquisition of NEON on a timely basis, if at all, the successful
integration of NEON into Sybase's business, the, timely development and market
acceptance of the products and services of the combined companies, Sybase's
ability to remain competitive in a highly competitive and rapidly changing
marketplace, and the other risks detailed from time to time in each company's
periodic reports filed with the Securities and Exchange Commission, including,
but not limited to, Sybase's report on Form 10-K for the fiscal year ended
December 31, 1999 and its reports on Form 10-Q for its fiscal quarters ending
March 31, June 30 and September 30, 2000.

ADDITIONAL INFORMATION: We urge investors and security holders to read the
following documents, when they become available, because they will contain
important information about Sybase, NEON, the proposed acquisition and related
matters:

- -   Sybase's preliminary prospectus, prospectus supplements, final prospectus,
    and tender offer materials.
- -   Sybase's Registration Statement on Form S-4 and Schedule TO containing or
    incorporating by reference such documents and other information.
- -   NEON's Solicitation/Recommendation Statement on Schedule 14D-9.

These documents and amendments to these documents will be filed with the U.S.
Securities and Exchange Commission. In addition to these documents, Sybase and
NEON file annual, quarterly and special reports, proxy statements and other
information with the SEC. You may read and copy any reports, statements and
other information filed by Sybase and NEON at the SEC public reference rooms at
450 Fifth Street, N.W., Washington, D.C. 20549 or at the SEC's other public
reference rooms in New York, New York and Chicago, Illinois. Please call the SEC
at 800-SEC-0330 for further information on public reference rooms. Sybase's and
NEON's filings with the SEC are also available to the public from commercial
document-retrieval services and the Web site maintained by the SEC at
http://www.sec.gov.

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