Was a positive day today with some upbeat news from Robertson Stephens:
biz.yahoo.com
-----------------------------------------------------------------
Monday November 1, 3:08 pm Eastern Time
Company Press Release
Robertson Stephens Reiterates Buy Rating On DSL Sector
Market Appears Poised to Accelerate in December Quarter
SAN FRANCISCO--(BUSINESS WIRE)--Nov. 1, 1999--Robertson Stephens Managing
Director and Senior Communications/Networking Analyst Paul Johnson today reiterated his Buy
rating on the DSL equipment space, including the following stocks: Aware (Nasdaq:AWRE -
news), Copper Mountain (Nasdaq:CMTN - news), Efficient (Nasdaq:EFNT - news), Paradyne
(Nasdaq:PDYN - news), PairGain (Nasdaq:PAIR - news), and Tut Systems (Nasdaq:TUTS -
news).
''The market for DSL equipment, as we track it, was up 28 percent sequentially and 169 percent year-over-year in the
September quarter. This is the fourth consecutive quarter of triple-digit year-over-year growth for the industry,'' said
Johnson. ''Although there are few outliers, most companies maintained their market share in the quarter.''
''Despite these points, investors have shied away from this group over the past few months,'' said Johnson. ''We believe
there is broad potential for the DSL market and do not believe current investor concerns accurately reflect the opportunity
available to the DSL vendors. Therefore we are strongly recommending all of the companies in this space.''
Clients interested in receiving more information should contact their salesperson at 415/781-9700.
BancBoston Robertson Stephens Inc. (''Robertson Stephens'') is the leading full-service investment bank focused
exclusively on growth companies. To date in 1999, the firm has completed over 130 offerings, raising more than $24
billion in capital for clients. The firm's 47 research analysts cover nearly 700 companies. Founded in 1978, Robertson
Stephens is a section 20 subsidiary of Fleet Boston Corporation (NYSE: FLT - news) and a member of the NASD and all
major exchanges. Together, Robertson Stephens, BancBoston Robertson Stephens International Ltd., and Robertson
Stephens Evergreen Securities Ltd. employ over 1,000 employees worldwide with offices in Boston, San Francisco, New
York, Menlo Park, Chicago, London, and Tel Aviv. For more information about the firm, please visit our Web site at
www.rsco.com. |
