SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Phone.com [PHCM]
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: debby who wrote (1020)6/27/2000 9:21:00 AM
From: Nick   of 1080
 
WR Hambrecht + Co Initiates Coverage of Phone.com (PHCM) With a Strong Buy Rating and a Target of $125
Company Well Positioned to Benefit From Rapid Emergence of Wireless Internet
SAN FRANCISCO, June 27 /PRNewswire/ -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040:

WR Hambrecht + Co today initiated research coverage on Phone.com (Nasdaq: PHCM - news) with a strong buy rating and an eighteen month price target of $125. WR Hambrecht + Co.'s eWireless analyst Peter Friedland cited Phone.com's dominant position licensing WAP gateways to wireless carriers and the company's ability to leverage those carrier relationships to sell additional services as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

``Phone.com's licensing revenue from its carrier-customers is primarily driven by one-time per subscriber fees, which should directly scale with the growth of wireless Internet subscribers,'' Friedland said.

Friedland projects Phone.com's total revenues will reach $64.0 million in fiscal 2000 and $165.0 million in fiscal 2001, up from $13.4 million in 1999.

Phone.com provides wireless Internet infrastructure software based on wireless application protocol (WAP), which enables the delivery of Internet content to mobile phones

N
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News