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Technology Stocks : ASDV- Aspect Development-THE NEXT MSFT!
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To: Steve Jordan who wrote ()9/30/1999 11:34:00 AM
From: leigh aulper  Read Replies (1) of 414
 
BancBoston Robertson Stephens Upgrades ASDV to Buy Rating from Long-Term Attractive, Reestablishes Coverage

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 30, 1999--BancBoston Robertson Stephens Internet eBusiness and Web applications analyst Kash G. Rangan today upgraded Aspect Development (NASDAQ:ASDV) from a Long-Term Attractive rating to a Buy.

Aspect Development, headquartered in Mountain View, Calif., is a software, data-content and services company, providing 1) component and supplier-management solutions to manufacturers and 2) MRO catalogs for b2b procurement in manufacturing and services industries.

"We are upgrading Aspect Development to a Buy rating from a Long-term Attractive," said Rangan. "We believe the company's core business is back on track, highlighted by better sales execution and management as well as a growing pipeline of potential business. We believe Aspect Development's B2B eCommerce leg has strong potential, with a possible spin-off of its subsidiaries in calendar 2000.

"We are raising our fiscal 2000 earnings-per-share estimates from $0.42 to $0.53, and believe Aspect represents an inexpensive way to play the tremendous opportunities in the B2B eCommerce space" said Rangan.
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