(Applies to: MRCY)
William Blair & Company Initiates Coverage of Mercury Computer Systems,
Inc. With Long-term Buy Rating
CHICAGO, Sep 8, 2000 /PRNewswire via COMTEX/ -- The following is being
issued by
William Blair & Company L.L.C., a member of the National Association of
Securities Dealers, CRD# 1252:
William Blair & Company today announced that it initiated research coverage
of
Mercury Computer Systems, Inc. (MRCY $27.25) with a Long-term Buy rating.
Technology analyst Thomas A. Moro estimated that Mercury, a leading
independent
producer of high-performance stream computing systems, would earn $1.11 per
share in fiscal 2001 and $1.54 per share in fiscal 2000. The company's
embedded
computer systems transform streams of data to visual information in real
time
for analysis and interpretation.
"Since its initial public offering in January 1998, Mercury has shown solid
execution, posting 10 consecutive quarters of profitability (38 consecutive
quarters including pre-IPO results), averaging 28.4% revenue growth and
52.1%
earnings growth annually," Moro said.
Additional information is available upon request.
William Blair & Company, L.L.C. maintains a market in the common shares of
Mercury Computer Systems, Inc.
William Blair & Company, L.L.C. is an employee-owned financial services
firm
offering investment banking, equity research, institutional and private
brokerage, asset management and private capital to individual,
institutional and
issuing clients. Since its founding in 1935, the Chicago-based firm has
been
dedicated to helping its clients achieve their financial objectives by
providing
quality products and services.
SOURCE William Blair & Company, L.L.C.
CONTACT: Tony Zimmer of William Blair & Company, L.L.C.,
312-364-8611,
tz@wmblair.com
URL: wmblair.com
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