ING Barings bullish on Data
Return
By Lisa Sanders,
CBS.MarketWatch.com
Last Update: 12:35 PM ET Sep 14, 2000
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DALLAS (CBS.MW) - Data Return, which jumped on
bullish analyst comments last week, got another lift
Thursday after ING Barings initiated coverage of the Web
hosting firm with a "strong buy" rating.
The Dallas-based company, which has
traded well off its high of $94.25 reached
March 7, added $1.63 to trade at $24.75.
In a research note, Barings echoed the
sentiments of UBS Warburg last week,
which named Data Return (DRTN:
news, msgs) its top pick among Web hosting providers.
Data Return provides managed services
based exclusively on the Microsoft
platform. Barings noted that Microsoft
(MSFT: news, msgs), where Data
Return's founders once worked, is
expected to control about 45 percent of
the operating systems of the $8 billion
software market in 2002, according to
Forrester Research.
"We believe that Data Return has
positioned itself as the clear beneficiary of
the confluence of growth in hosting and
in the MSFT platform," analyst Youssef
Squali wrote.
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