Robertson Stephens Reiterates Buy Rating on MESG
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 26, 2000--Robertson Stephens Senior eCommerce Infrastructure Services Analyst Richard Juarez today reiterated his Buy rating on MessageMedia, Inc. The company, based in Boulder, Colo., is a leading provider of permission-based eMessaging solutions.
''MessageMedia announced today it has signed 67 new eMessaging customer contracts in the fourth quarter of 1999, representing over $4.5 million in business, from top-tier clients such as Schwab and Company, Cisco Systems, and others,'' said Juarez. ''We believe there may be upside of $500,000 or more for our fourth quarter revenue estimate and see additional upside in 2000.''
''We believe that demand for eMessaging solutions is accelerating and believe the company will benefit from very rapid growth in the B2B market, ASP market, online direct marketing, and the online customer service and support applications market,'' said Juarez. ''Its contract wins in the business-to-business email communications market signals MessageMedia's success in penetrating the huge B2B eCommerce space, moving the company well beyond its initial consumer marketing focus.''
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
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