NTRG - Netergy Networks (formerly 8x8, Inc.) Message Board

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Technology Stocks : NTRG - Netergy Networks (formerly 8x8, Inc.)

EGHT 1.905

-1.6%

Jan 8 3:59 PM EST

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To: pirate_200 who wrote ()	4/17/2000 5:49:00 PM
From: pirate_200	Read Replies (1) of 53

WR Hambrecht reiterates BUY and $50 target... See: wrhambrecht.com "-We believe the endorsement by Cisco significantly enhances the credibility of Netergy's hosted IP telephony technology and strengthens Netergy's competitive positioning. Netergy Networks announced it has joined Cisco Systems' New World Ecosystem program. The New World Ecosystem is an open and flexible standards-based program that allows technology partners committed to working with Cisco to create integrated IP-based solutions for service providers. By working with Cisco's New World Ecosystem, Netergy's customers are assured that Netergy will provide fully tested carrier-grade solutions that can be deployed predictably. -We reiterate our STRONG BUY recommendation. This partnership with Cisco, along with the partnership with Exodus, leads us to believe that Netergy is executing its hosted IP telephony business well. We are increasingly confident about the revenue ramp that is projected to occur toward the end of this year and early next year for the hosted IP telephony solutions. We attribute recent share price weakness to the overall market and believe the Company's fundamentals remain very strong. At current levels, we believe the shares are significantly undervalued, given the potential large upside from both the hosted IP telephony solutions business, and the VoIP chip and software business. We recommend aggressive purchase at current levels, and we remain comfortable with our 12-month price target of $50."

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