i2 Tech Upgrades
Greg check this out.
cnetinvestor.com
10/11/99 ITWO robertson stephens upgrades itwo to a buy rating from long-term - Business Wire
10/11/99 ITWO Josepthal & Co. reiterates BUY on I2 TECHNOLOGIES.
10/11/99 ITWO Hambrecht & Quist reiterates BUY on I2 TECHNOLOGIES.
10/11/99 ITWO Deutsche Banc Alex Brown reiterates BUY on I2 TECHNOLOGIES.
10/11/99 ITWO Morgan Stanley Dean Witter reiterates BUY on I2 TECHNOLOGIES.
10/11/99 ITWO Legg Mason reiterates BUY on I2 TECHNOLOGIES.
10/11/99 ITWO I2 Technologies Raised to `Accumulate' at Prudential - Bloomberg
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ROBERTSON STEPHENS UPGRADES ITWO TO A BUY RATING FROM LONG-TERM
10/11/99 8:44:00 AM
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 11, 1999--Robertson Stephens eBusiness Applications Analyst Kash G. Rangan and Managing Director and Senior eBusiness Software Analyst Marshall Senk today upgraded I2 Technologies, Inc. (NASDAQ:ITWO), to a Buy rating from a Long-Term Attractive, after the company reported third quarter 1999 results. I2 Technologies is a leading provider of supply chain and customer management solutions.
"We are raising our rating on ITWO to a Buy from a Long-Term Attractive, with a target price of $70, based on the following:
1. The company reported better-than-expected third quarter 1999 results, delivering solid upside across the board in software licenses, services, operating margins and therefore, earnings-per-share.
2. In our opinion, ITWO has mostly overcome issues in sales attrition, headcount expansion and execution that have somewhat shrouded the stock.
3. Management comments indicate a higher level of optimism
concerning the pipeline for fourth quarter 1999 and calendar year 2000, and as a result, improved visibility.
4. ITWO is morphing into a franchise player in the emerging `eBusiness Infrastructure' segment.
5. We expect ITWO's market capitalization/revenue multiple to expand from 5.2 times our 2000 revenues estimate as investors start to fully recognize a relatively inexpensive way to play the `eBusiness Infrastructure' space,"
said Rangan and Senk.
Clients interested in receiving more information should contact their salesperson at (415) 781-9700........ |
