BancBoston Robertson Stephens Reiterates Buy Rating on CPTH
SAN FRANCISCO, June 17 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens senior eCommerce analyst Rick Juarez today reiterated his Buy rating on Critical Path, Inc. (Nasdaq:CPTH). Critical Path, Inc, headquartered in San Francisco, Calif., delivers complete, state-of-the-art email hosting solutions to Internet service providers, Web hosting companies, Web portals and corporations.
''We are reiterating our Buy rating on Critical Path, as the company moves to extend its competitive lead through savvy, aggressive differentiation amidst explosive industry growth,'' said Juarez. ''As we anticipated, Critical Path is prudently deploying its $250 million war-chest to acquire both mailboxes and key technologies as part of its 'Land Grab' strategy.
''With its recently announced intended acquisition of dotOne, Critical Path is delivering on its promise of providing secure message delivery, as well as further differentiating itself with value-added services, thus extending its lead over competitors,'' said Juarez.
''We anticipate explosive growth in the email-messaging market and such related value-added services as secure message delivery; the market for email software will grow to $2.1 billion by 2001, according to IDC,'' said Juarez. ''We recommend purchase of the unrivaled leader's stock as a compelling opportunity for investors to participate in the dramatic growth of this market.''
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SOURCE: BancBoston Robertson Stephens |
