B2B eCommerce Leader Just Beginning to Tap Into the Power of Its Portfolio
SAN FRANCISCO, Dec. 20 /PRNewswire/ -- The following is being issued by
WR Hambrecht + Co, a member of the National Association of Securities Dealers,
CRD number 45040:
WR Hambrecht + Co, the online investment bank, today initiated coverage of
VerticalNet, Inc. (NASDAQ:VERT). The full research report can be found at
www.wrhambrecht.com.
VerticalNet, Inc. (www.verticalnet.com) owns and operates
53 industry-specific Web sites designed as online business-to-business
communities known as vertical trade communities. These vertical trade
communities provide users with comprehensive sources of information,
interaction, and ecommerce.
According to the report, VerticalNet has built a tremendous B2B ecommerce
infrastructure across a broad array of vertical industries, positioning itself
to capture significant market share in each of these vertical markets. The
report argues that, with its leverageable technology base, the Company should
be able to tap into the power of the network it has created, build transaction
capabilities across the network, and create a B2B ecommerce powerhouse.
"With a focused, experienced management team, high cash balance, and a
leverageable technology platform, VerticalNet has proven adept at expanding
horizontally as well as adding depth vertically, creating market making and
transaction opportunities across each of its verticals," said Zoltan Deak,
ecommerce analyst for WR Hambrecht + Co. "We see tremendous value in the B2B
ecommerce infrastructure VerticalNet has created and believe the long-term
opportunity ahead of the Company is substantial."
About WR Hambrecht + Co
WR Hambrecht + Co is an online investment bank founded by Silicon Valley
pioneer Bill Hambrecht. The company is dedicated to leveling the playing
field for investors by using technology to provide transparency in capital
markets. The firm leverages its expertise in the technology arena to find
early investing opportunities for its clients. WR Hambrecht +Co is active in
investment banking, electronic brokerage services, private equity, mergers and
acquisitions advisory services, research, trading, and electronic underwriting
through its OpenIPO system. WR Hambrecht + Co has offices in San Francisco,
New York and Philadelphia.
SOURCE WR Hambrecht + Co
-0- 12/20/1999
/CONTACT: Sharon Smith of WR Hambrecht + Co, 415-551-8606, or
ssmith@wrhambrecht.com; or Joe Carberry of Fleishman Hillard Inc.,
415-356-1042, or carberrj@fleishman.com, for WR Hambrecht + Co/
/Web site: verticalnet.com
/Web site: wrhambrecht.com |
