Phone.com [PHCM] Message Board

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Technology Stocks : Phone.com [PHCM]

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To: PoetTrader who wrote (860)	2/9/2000 4:01:00 PM
From: Nick	Read Replies (1) of 1080

RESEARCH ALERT - Phone.com strong buy repeated MINNEAPOLIS, Feb 9 (Reuters) - U.S.Bancorp Piper Jaffray senior analyst Edward Jackson repeated on Wednesday a strong buy rating on Phone.com Inc. (NasdaqNM:PHCM - news) and raised his 12-month price target to $150 a share from $143 after Phone.com said it plans to acquire Paragon Software Ltd. for about $500 million in stock. Phone.com provides software that enables the delivery of Internet-based services to mass-market wireless telephones. Paragon Software develops synchronization software and technology that improves the way mobile phone users communicate. According to Jackson, the company has 63 employees and has marketing arrangements in place with numerous partners including Nokia, Ericsson, AT&T Wireless, Microsoft and Lotus. Jackson said the acquisition expands Phone.com's wireless products and adds a service that drives usage, and increases per handset revenues to be received by Phone.com. He also said competition in the wireless Internet services industry is growing rapidly and Phone.com is the best positioned company to capture an expected increase in subscribers. Shares of Phone-com were off 4-1/2 to 131.1/2 in afternoon trading. N

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