StarBase Surpasses Donner Corp. International's Initial Target Price of $5.00; Donner Upgrading From 'Speculative Buy' to 'Buy'
SANTA ANA, Calif., Dec. 13 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, CA., today upgraded its Speculative Buy Recommendation on StarBase Corporation (Nasdaq: SBAS - news), Santa Ana, CA., to a ``Buy.' StarBase is a leading provider of advanced Internet and Intranet-based technical collaboration tools designed for traditional and Web-based application development.
Donner said StarBase has eclipsed the $5 target price it set in its initial Speculative Buy Recommendation of October 21, 1999.
Donner also cited the recent announcement by StarBase that 3dfx Interactive© Inc. (Nasdaq: TDFX - news), a leading developer of high performance 3D graphic processors, has purchased and implemented approximately 200 product licenses of StarBase's StarTeam 4.1 Enterprise Suite.
StarBase is significantly undervalued compared to Rational Software Corp. (Nasdaq: RATL - news) and Interwoven, Inc. (Nasdaq: IWOV - news). It is Donner's view that the software products and services StarBase provides are ``superior in both price and performance of competitors in this market.'
StarBase develops, markets and supports software solutions that help solve the issues that arise when development teams attempt to build complex software applications and E-commerce-ready Web sites.
Copies of the Donner report on StarBase Corporation are available at 1-800-324-6050.
(The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities.)
SOURCE: Donner Corp. |
