I don't know if you are a subscriber which is interesting because if you are not that means you like PRGN also without seeing it on the calendar which confirms. Yes I like that one.
4/22/99 - PREFERRED CAPITAL MARKETS, INC. REITERATES
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Its STRONG BUY Rating of Clarify, Inc.
SAN FRANCISCO, April 22 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993:
Preferred Capital Markets, Inc. a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today reiterates its STRONG BUY rating of Clarify, Inc. (Nasdaq: CLFY) while maintaining a 12-month price target of $36. (this was also an earnings play that did good)
As reported by the company during its conference call yesterday, the launching of the eFrontOffice product in Q1:99 gave Clarify an extra marketing edge that translated into more sales of its FrontOffice 98 product. Also reported by Clarify during yesterday's call was their intention to continue to focus on verticals such as telecommunications, which was 45% of revenue and financial services which was 25% of revenue. Lastly, other data from the conference call included that DSO's decreased to 76 days from 98 days in Q4:98 and that Y2K was not an issue in Q1:99.
Analyst Patrick Mason had originally published a research report on October 29, 1998 on Clarify, a Customer Relationship Management (CRM) company that targets the integrated front office space through sales force automation as well as customer service and support software applications.
Patrick's coverage list also includes Peregrine Systems (PRGN), Vantive Corporation (VNTV), Remedy Corporation (RMDY) and Siebel Systems (SEBL) to name a few.
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