BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: Ibexx who wrote (2178)	1/8/2002 6:50:54 PM
From: HDC	of 2477

RESEARCH ALERT-Goldman raises rating for BEA Systems NEW YORK, Jan 7 (Reuters) - Brokerage firm Goldman Sachs on Monday said it raised its stock rating for BEA Systems Inc. (NasdaqNM:BEAS - news) to ``recommend list'' from ``market outperform.'' Goldman Sachs said it also raised its full-year 2002 estimates to earnings of 37 cents a share on revenues of $1.01 billion from 30 cents a share and revenues of $968.6 million. Continued momentum in the current fiscal fourth quarter, which ends in January, an improving outlook for the economy and overblown fears about competition from larger competitors were the main reasons for the upgrade, analyst Tom Berquist said in a research note to clients on Monday. Shares of BEA -- which makes infrastructure software that companies use to develop and run Web based applications -- climbed 7.59 percent, or $1.42 to $20.27 on the Nasdaq, where the stock was one of the most actively traded.

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