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Volpe Brown Whelan & Company Initiates Coverage of i2 Technologies With a `BUY' Rating-$200 Price Target
BusinessWire, Friday, December 10, 1999 at 12:28
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 10, 1999--The following is being issued by Volpe Brown Whelan & Company (VBW), a member of the National Association of Securities Dealers, CRD number 18329: Volpe Brown Whelan & Co.'s enterprise software analyst, Steve Abrahamson, today initiated coverage of i2 Technologies Systems, Inc. (NASDAQ:ITWO) with a BUY rating. i2 is a leading provider of supply chain management (SCM) solutions. "We are initiating coverage of i2 with a BUY rating because we see the Company as a B2B e-commerce infrastructure play. As the velocity and complexity of e-business increases, the supply chain plays an increasingly important role in profitably fulfilling both on-line and off-line orders. As the SCM market leader, we believe i2 is well positioned to benefit from strong demand for B2B e-commerce solutions," said Abrahamson. "With an expanding product line, i2 is positioned as an end-to-end B2B e-commerce solutions provider. The Company has entered the fourth quarter with increased license visibility and a stronger sales channel," said Abrahamson. |