Epoch Partners Issues Earnings Preview Note on InfoSpace, Openwave Systems And Vicinity
January 19, 2001 06:00:00 AM ET
Note Highlights Upcoming Earnings Announcements for InfoSpace INSP, Openwave Systems OPWV, and Vicinity VCNT
SAN FRANCISCO, Jan. 19 /PRNewswire/ -- The following is being issued by Epoch Partners, a member of the National Association of Securities Dealers, CRD number 103899:
Epoch Partners, Inc., today announced it has published an Earnings Preview Note for companies in the Wireless Data Sector. Investors can access the Research Note for free through the Epoch Web site (www.epoch.com).
The note, issued by Matthew Adams, Internet Research Analyst, highlights four main points for investors:
-- We expect decent fourth quarter results from InfoSpace and Openwave
with Vicinity likely to report flat to slightly positive sequential
revenue growth.
-- We expect strong growth in wireless subscriber numbers for both
Openwave and InfoSpace based on carrier numbers for the December
quarter.
-- All three companies generate 40% or more of their revenues from
wireline Internet services. Performance of these business units will
have significant impact on 2001 financial guidance and short-term stock
performance.
-- We recommend InfoSpace as our top pick in the sector. The company
re-confirmed its 4Q00 guidance, has strong wireless growth, and is cash
flow positive.
Internet Research Coverage
Investors can visit Epoch's Web site for an in-depth analysis of the Internet industry and to read research coverage on the following public companies in this sector: Amazon.com, eBay, InfoSpace, Openwave, Vicinity, and Yahoo. Full research on these and other companies under coverage by Epoch is available for free to investors at www.epoch.com.
In addition, investors can be added to the Internet email alert system, which alerts investors to new research in the Internet Sector. To be added to this alert system, visit epoch.com and subscribe.
Epoch Research
While Epoch's research does express a clear investment thesis, Epoch does not use traditional Wall Street ratings to express that opinion. The Epoch research platform provides both comprehensive industry analysis as well as in-depth coverage on individual company stocks. In addition to conducting primary research on covered companies, Epoch's analysts also aggregate, filter and comment on the increasingly large amount of raw information available on stocks today. This research provides investors with a complete and up-to-date viewpoint on a company and its valuation drivers.
About Epoch
Epoch Partners is a technology-enabled investment bank focused on high-growth companies and electronically connected institutional and individual investors. Epoch's unique approach to investment banking includes using technology to provide superior market intelligence to issuers and investors. For issuers, Epoch uses proprietary data to improve the pricing and distribution of securities. For all investors, Epoch provides unique research insight by fusing its analysis with relevant third party commentary. For the institutional trading community, Epoch provides enhanced investment and portfolio analysis tools in addition to an unconflicted trading platform.
Through partnerships with Charles Schwab, Ameritrade and TD Waterhouse, Epoch has exclusive access to a fast-growing, electronically connected investor base that consists of more than 10 million accounts. These accounts have combined investable assets of close to 1.5 trillion dollars and account for more than fifty percent of all online assets. Epoch's investors include its three online brokerage partners and Benchmark Capital, Kleiner Perkins Caufield & Byers, Trident Capital and Reuters Venture Capital.
The information contained herein is based on sources believed to be reliable but is neither all inclusive nor guaranteed by Epoch Partners. Opinions, if any, reflect our judgment at this time and are subject to change. Epoch Partners does not undertake to advise of changes in its opinion or the information. Epoch Partners may perform or seek to perform investment banking services for the issuers of securities which are the subject of our Research. Most of the companies Epoch Partners follows are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies. The securities discussed in the Epoch Partners Research may be unsuitable for investors depending on their specific investment objectives and financial situation and needs. No report included in the Epoch Partners Research is a recommendation that any particular investor should purchase or sell any particular security in any amount or at all and is not a solicitation of any offer to purchase or sell from or to any particular investor. For additional information that may be available on the securities mentioned, please contact Epoch Partners.
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