REF ITRA: SOURCE: BancBoston Robertson Stephens
BancBoston Robertson Stephens Initiates Coverage of
Intraware, Inc., With a Buy Rating
SAN FRANCISCO, March 23 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a
member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior software analyst Marshall Senk today initiated coverage of
Intraware, Inc. (Nasdaq: ITRA - news), with a Buy rating. Intraware, headquartered in Orinda, Calif., bridges the gap between
information technology buyers and sellers through Web-based software services for IT professionals and software vendors
worldwide. The company's IT Knowledge Center, Intraware.shop and Intraware Subscribenet enable IT customers to
evaluate, purchase, deploy and maintain enterprise software.
''We are initiating coverage of Intraware with a Buy rating, as we believe the company is the first and only pure Internet solution
that covers the entire software acquisition cycle, from evaluation, to purchase, to on-going maintenance, bridging the gap
between IT buyers and sellers,'' said Senk.
''Given Intraware's full solutions focus, first mover advantage and business momentum, we believe the company is
well-positioned to expand its presence in a large and growing market,'' said Senk. ''We are publishing revenue growth
estimates of 247 percent in fiscal 1999 and 45 percent in fiscal 2000.'' |
