Donner Corp. International Upgrades to Strong Buy Recommendation on StarBase Corporation
PR Newswire - February 03, 2000 10:47
SANTA ANA, Calif., Feb. 3 /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 to a Strong Buy Recommendation on StarBase Corporation (Nasdaq: SBAS), Santa Ana, CA. StarBase is a leading provider of Next Generation eBusiness Life Cycle Management Solutions. StarBase eCycle Technology offers a complete family of user-friendly software products that enable teams of people to collaborate in the production of Web sites, e-commerce and business critical applications on an enterprise level.
Donner issued a Buy Recommendation on StarBase on December 13, 1999, when the Company eclipsed the $5 target price Donner set in its initial Speculative Buy Recommendation of October 21, 1999.
Donner cited the recent launch of OpenAvenue.com, in which StarBase is an equity holder, and the potential for a spin-off IPO later this year as well as recent significant Company developments for initiation of its Strong Buy Recommendation:
-- OpenAvenue.com is a leading Open-Source Service Provider (OSP(TM))
powered by OAsis(TM) (Open Avenue Source Infrastructure System), a
Web-based infrastructure of productivity tools and services designed to
enable collaboration among a worldwide community of developers, who
come to openave.com looking for project participation and knowledge
sharing.
-- The general availability of StarBase StarGate SDK, a comprehensive
software development kit providing an open programmable access to the
StarTeam Server and connectivity to best-of-breed e-Business products
from industry leading companies. This, StarBase said, is key for the
execution of StarBase's eCycle strategy, which is providing a unique
gateway solution for connecting many of the industry's leading
e-Business life-cycle development products.
-- The partnership with pragam Systems Corp., a premier provider of
process, organizational and project management solutions, to enhance
both companies' product offerings.
-- StarBase's new focus on developing new technology called digital asset
management for the entertainment industry, a huge market.
"We believe that StarBase is significantly undervalued compared to Interwoven, Inc. (Nasdaq: IWOV) and that StarBase products are at the cutting edge of the explosive e-commerce infrastructure software and open-source collaboration software markets," Donner said.
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 Corporation International
/CONTACT: Donner Corporation International, 800-324-6050/
(SBAS IWOV)
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