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CAWC.OB
24 1/2
+5 1/2
Friday March 10, 4:03 pm Eastern Time
Company Press Release
Software Announces NevWest Securitires Reiterates Strong Buy Recommendation
SANTA ANA, Calif.--(BUSINESS WIRE)--March 10, 2000--California Software Corporation, (OTC BB: CAWC), a leader in IBM Midrange migration products and developer of the award-winning BABY(tm) product line, today announced Nevada-based NevWest Securities Corporation has initiated coverage on California Software Corporation, and has released an equity research report indicating a strong buy recommendation with a near term share price target of $28 pre-split.
Bruce Acacio, chief executive officer of California Software stated, ``The release of this equity report, combined with the announced stock split and our anticipated move to the American Stock Exchange, will further enhance our national exposure and allow us to continue our dramatic growth trend.'
The Company's growth-through-acquisition and core business expansion strategy is designed to create an anticipated $100 million entity by the end of 2001. Management targets acquisitions based on their ability to integrate with and complement existing core competencies of the organization.
``We want to insure that we maintain our market leadership in the management of Midrange migration within the IBM As/400 and PC-LAN business environments, and build our strategic presence,' commented Carol Conway, California Software vice president.
For more information about California Software, contact Kate Tague, at 949/553-8900, ext. 206.
California Software Corporation is the international leading provider of IBM Midrange migration software solutions marketed under the brand name BABY. These products support the migration IBM AS/400 screens and applications into PC-LAN business environment and enjoy over 100,000 installations in 56 countries. |
