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Technology Stocks : FirstWave Technologies (FSTW)

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To: Oeconomicus who wrote (8058)	2/20/2003 10:23:07 PM
From: TEDennis	Read Replies (1) of 9677

Looks like FSTW will have some competition in their quest for acquisition candidates. Epicor recently completed a private placement for $5.7 million. "With our strengthened balance sheet, we can continue to pursue synergistic acquisitions that could generate incremental revenue and growth opportunities by adding to our installed base of customers." biz.yahoo.com And, yesterday's Epicor announcement that they have expanded their relationship with MSFT means more competition for FSTW in the CRM products and services area. "The agreement also provides an opportunity for Epicor to extend the features and functionality of Microsoft CRM through an integration of its Clientele CRM suite of solutions, including Epicor's most recent offering Clientele eMarketing." "Epicor will continue to deliver its award-winning CRM solutions to small and midsize enterprises looking to drive efficiency with solutions that provide high-level functionality yet maintain a low total cost of ownership. The agreement with Microsoft Business Solutions will enable Epicor to apply its CRM expertise and resources to customers of Microsoft CRM, broadening Epicor's reach." "Epicor announced last spring its adoption of the Microsoft .NET Framework, and was the first company to deliver a CRM solution architected from ground up on Microsoft .NET. Because both Epicor's Clientele CRM solutions and Microsoft CRM have been built upon Microsoft's .NET technologies, the solutions offer near-limitless flexibility and scalability, critical attributes for small and midsize enterprises looking to protect their investment in current and future IT resources. Since the release of Clientele Customer Support last summer, Epicor has released two other CRM solutions built entirely on the Microsoft .NET Framework including Clientele eMarketing." biz.yahoo.com Hmmmmm ... I wonder why FSTW wasn't selected? Heck, they paid $900,000 to play in the .NET game. They should have at least been considered for this gig. Hmmmm ... maybe they were. In case you're interested, Epicor (EPIC) reported their Q4 and annual numbers on Jan 29. epicor.com TED

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