Interesting upgrade. Up 16% at $8 15/16.
marketwatch.newsalert.com
Neidiger, Tucker, Bruner, Inc. Issues RMI.NET Research Report Reiterating Strong Buy
PR Newswire - February 04, 2000 09:15
DENVER, Feb. 4 /PRNewswire/ -- The following is being issued by Neidiger, Tucker, Bruner, Inc., a member of NASD Regulation, CRD #7425:
Update: RMI.NET (Nasdaq: RMII) Research Report February 3, 2000 price $7.56.
NTB Inc. reiterates Strong Buy with 12-month price target of $23.00 for B2C, B2B e-commerce infrastructure play with 6-month price target of $15.00 based on 8 times our Q1 00 TTM revenue estimate of $1.89 per share.
Bullet points to February 2000 RMI.NET research report:
-- Estimating 100% top line revenue growth in 2000.
-- Increased customer base from 12,000 to 107,000 and run rate from
$6,000,000 to $50,000,000 currently in 24 months, with emphasis on
business clients.
-- Estimate improving Cash Flow quarter by quarter in 2000 and CF positive
in 2001.
-- Q4 99 release of Assemble!(TM) Their e-commerce enabling Vertical
Portal (VP) targeting the magazine publication industry.
www.rmi.net/assemble.
-- Q4 99 release of their B2C product, e-$ELL(R) CBS 2.2. A scalable
e-commerce software program (customizable Web-based shopping cart).
www.e-sell.com
-- Anticipated Q2 00 release of their B2B product and Q4 00 associated
B2B VP.
-- Co-marketing Warp Wire(TM) DSL connectivity with Covad Communications
(Nasdaq: COVD) and others. www.warpwire.net
-- Six IDCs (Internet Data Centers) up from one in 24 months.
-- Increasing their local presence, region by region, as they expand
nationally.
-- Allied with Enron Communications (NYSE: ENE) to offer ePowered(TM)
broadband applications including Television-Quality Video over the
Internet. www.enron.net
-- Renewed emphasis on organic growth with higher gross margins and cost
cutting efforts.
-- Combined their proprietary Search Engine/Portal with their Web
Development, Hosting, Co-location, B2C (e-$ELL(TM)) and Broadband
Connectivity to create a complete e-commerce solution.
www.Infohiway.com
RMI.NET is a CSP (Commerce Solution Provider) moving from a development stage to a growth company, offering a one-stop-shop e-commerce solution to small and mid-market businesses for their complete e-commerce infrastructure needs. The company's products range from e-commerce enabled Vertical Portals, B2C development and soon to be released B2B products, Hosting, ASP to VPN, T-1, T-3, DSL, Wireless, Dial-up commercial and retail connectivity.
Research report available upon request by contacting Paul B Davis or Michael Shonstrom at 303-825-1825 or e-mail your request with a physical return address to pauldavis@ntbinc.com or mshonstrom@ntbinc.com
The foregoing synopses are qualified in their entirety by the more detailed information contained in the full research reports, including the discussion of certain risks associated with an investment in the above- mentioned securities contained in "Investment Risks." The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of Neidiger, Tucker, Bruner, Inc. the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." Neidiger, Tucker, Bruner, Inc. from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, Neidiger, Tucker, Bruner, Inc. has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. Neidiger, Tucker, Bruner, Inc., its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. To accommodate the objectives of its trading account, Neidiger, Tucker, Bruner, Inc. may hold long or short positions in the securities herein discussed, which positions may be inconsistent with the advice give by Neidiger, Tucker, Bruner, Inc. Its affiliates, officers, directors, and employees may 1) be buying these securities from customers or selling them to customers on a principal basis or as marketmaker, 2) may make purchases or sales of these securities while this report is in circulation, and 3) may have an interest in options or other instruments connected with the securities mentioned. Neidiger, Tucker, Bruner, Inc. may also have managed or co-managed a public offering of the company's securities within the past three years. The information contained here is intended for clients of NTB, Inc. Due to the advent of e-mail and electronic data transfer, the information may have been altered or made available to persons other than intended party(s). No investment decision should be made from this material before consulting an investment professional and conducting proper due diligence.
SOURCE Neidiger, Tucker, Bruner, Inc.
/CONTACT: Paul B Davis, pauldavis@ntbinc.com, or Michael Shonstrom,
mshonstrom@ntbinc.com, 303-825-1825, both of Neidiger, Tucker, Bruner, Inc./
/Web site: enron.net
Chart is ugly with the 200/50/10 day EMA stacked above each other. Did break the 10/50 level and almost got to the 200 day line. Bullish.
Jack |
