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Technology Stocks : Critical Path, Inc. (CPTH) - old
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To: Magic212 who wrote (5)4/26/1999 12:17:00 PM
From: Sleeper   of 7
 
There were two buy recommendations on CPTH today; here's the BancBoston Robertson Stevens report

Sleeper

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Monday April 26, 11:05 am Eastern Time
Company Press Release
SOURCE: BancBoston Robertson Stephens
BancBoston Robertson Stephens Initiates Coverage of CPTH with a Buy Rating
SAN FRANCISCO, April 26 /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 senior electronic commerce infrastructure analyst Rick Juarez today initiated coverage of Critical Path, Inc. (Nasdaq: CPTH - news), with a Buy rating.

''We are initiating coverage of Critical Path with a Buy rating, as we believe the company is a premier Trusted Commerce Agent(TM) (TCA) that has become the de facto standard for outsourced email and enhanced messaging services,'' said Juarez. ''Market opportunity for email and related services is accelerating, with worldwide mailboxes expected to grow from 245 million in 1998 to over 555 million by 2002 and message volume from 2.1 billion in 1998 to over 6.6 billion by 2002.

''Critical Path represents an attractive investment opportunity for growth investors. We believe that the company's growth will be fueled by the trend towards outsourcing of non-mission-critical applications and estimate that the application hosting and related services market will grow to $7.5 billion by 2000,'' said Juarez.

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