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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock
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To: brk who wrote (1336)9/22/2000 12:59:41 PM
From: Susan G  Read Replies (2) of 2477
 
RESEARCH ALERT-Lehman bullish on software firms

Reuters, 09/22/2000 09:38
NEW YORK, Sept 22 (Reuters) - Lehman Brothers said on Friday that analyst Neil Herman remains bullish on the enterprise/Internet software business and would use the expected weakness in tech stocks after Intel Corp.'s (NASDAQ:INTC) forecast to be a buying opportunity.

-- "We expect the software sector to fall in concert with the rest of the technology sector, given Intel's earnings pre-announcement with weakness in Europe in particular being an issue," Herman's research note said.

-- Herman reiterated a buy rating on BEA Systems Inc. (NASDAQ:BEAS) and maintained a price target of $68, saying it remains "our single best idea" on the large cap side, with Veritas Software Corp. (NASDAQ:VRTS) and Oracle Corp. (NASDAQ:ORCL) being other preferences. Other buying opportunities could be found in Mercury Interactive Corp. (NASDAQ:MERQ) and Advent Software Inc. (NASDAQ:ADVS)

-- BEA has exposure to Europe, but its business remains healthy and that it is accelerating its hiring of sales people due to strong demand, Herman said in a research note. nyc.equities.newsroom@reuters.com))

Copyright 2000, Reuters News Service
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