Extended Systems Inc (XTND) Message Board

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Technology Stocks : Extended Systems Inc (XTND)

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To: Lone Star who wrote (21)	12/7/1999 5:35:00 PM
From: SJS	Read Replies (1) of 403

I think you've got a nice return so far....I think the upgrade should help add some more gain, as well. There are no options on this stock, so it doesn't specifically gravitate to a strike price. A blessing and a curse (as I play options, too). Here's a piece I found on XTND via CBSMarketWatch: Steve ___________ Needham push for Extended Systems By Susan Lerner, CBS MarketWatch Last Update: 5:18 PM ET Dec 7, 1999 Analysts Ratings Market Pulse NEW YORK (CBS.MW) -- Shares of Extended Systems extended recent gains Tuesday aided by an upgrade from Needham & Co. analyst Sam Lee. Shares of the Boise, Idaho-based mobile information manager (XTND: news, msgs) hit a 52-week high of 25 1/4 Tuesday after Lee boosted his rating on the company to "buy" from "hold" and set a $26 6-12 month price target for the stock. Lee said the upgrade was based on improving fundamentals at the company and high-growth potential at its Mobile Information Management division. He noted the company's recent strategic relationship with Microsoft (MSFT: news, msgs) to deliver server synchronization and management solutions for Windows CE-based palm-size and hand-held PCs to enterprise customers. "We view this Microsoft relationship and the OEM agreement XTND has with IBM (IBM: news, msgs) as two important computer vendors endorsing XTND's Mobile Information Management products," Lee said in his research note. Believing that visibility is improving for the fiscal 2000 second quarter, Lee raised his earnings per share estimate for the period to 52 cents and his revenue estimate for the quarter to $114.4 million. Lee also introduced a 52 cents per share earnings estimate and $76.8 million revenue estimate for fiscal 2001. Extended Systems shares finished the session 21 percent higher at 24 7/8.

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