MSTG news:
Monday September 27, 12:34 pm Eastern Time
Company Press Release
SOURCE: Donner Corporation International
Donner Corp. International Reiterates Speculative Buy Recommendation on Mustang Software, Inc.
SANTA ANA, Calif., Sept. 27 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702:
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today reiterated its Speculative Buy Recommendation on Mustang Software, Inc. (Nasdaq: MSTG - news), Bakersfield, California. Donner cited the extraordinary valuation last week of IPOs launched by two competitors to Mustang Software in e-mail management, Kana Communications (Nasdaq: KANA - news), Palo Alto, CA., and EGain Communications Corp. (Nasdaq: EGAN - news), Sunnyvale, CA.
Kana, which makes software that helps business to manage customer e-mail, jumped from $15 to $51.50 its first day of trading, giving the company a market cap exceeding $1 billion. EGain shares almost doubled in value its first day of trading, rising $11 to $23 a share. Market value of the company, which has an e-mail management system, exceeded $630 million after the initial day of trading.
``We believe Mustang Software has the tools necessary to track and manage the electronic flow of e-mail inquiries and orders for large businesses. The company has already been recognized with a number of prestigious business awards,' Donner said, in reiterating its speculative buy.
Mustang Software's client list already includes more than 250 companies worldwide, including many Fortune 500 customers such as Microsoft, Lucent Technologies, AT&T, 3Com and Time/Warner. ``It has become recognized throughout the industry as the leader in creative e-mail management solutions,' the Donner report said.
The Donner report issued about Mustang Software complimented its Internet Message Center (IMC), e-mail collaboration software that allows businesses to manage incoming e-mail with the same efficiency and effectiveness as traditional call centers handle incoming phone calls.
``We believe Mustang Software's stock is highly undervalued and the valuation put on competitive companies by the marketplace reinforces our perspective,' Donner said.
Copies of the Donner report on Mustang Software are available at 1-800-324-6050.
(The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities.)
SOURCE: Donner Corporation International
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