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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: Dave Gore who wrote (2283)8/15/2002 5:32:18 PM
From: Tim Davies  Read Replies (1) of 2477
 
Live Headline
15-Aug-02
BEA Systems (BEAS) 6.33 +0.57: Co matched consensus est of $0.06 and guided Q3 EPS to roughly $0.07; analysts remain cautiously optimistic on stock's recovery citing improving fundamentals and valuation. Goldman Sachs reiterates their Recommended List rating, noting that (1) BEAS has successfully rebalanced their business with both govt and retail banking contributing more than telco this qtr and (2) co reported a 95% win rate vs IBM. CSFB maintains that BEAS's mkt growth is underestimated and competitive threats over-estimated; assigns a $10 price target. UBS Warburg continues to believe the application server sector will be the fastest growing app software sector once IT spending returns and puts BEAS as the leader.


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