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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (17270)	7/12/1999 10:19:00 AM
From: Trader J	Read Replies (1) \| Respond to of 56537

ESPS Coverage: (PR NEWSWIRE) BancBoston Robertson Stephens Initiates Coverage of ESPS Wit BancBoston Robertson Stephens Initiates Coverage of ESPS With a Buy Rating SAN FRANCISCO, July 12 /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 eBusiness software applications analyst Eric B. Upin and eBusiness software applications analyst Kash G. Rangan today initiated coverage on ESPS, Inc. (Nasdaq: ESPS) with a Buy rating. The company, headquartered in Fort Washington, Pa., is a leading provider of electronic compliance (eCompliance) software solutions used to automate highly complex regulatory submissions in industries including: pharmaceuticals, biotechnology, chemicals and utilities. "We are initiating coverage of ESPS with a Buy rating as we believe the company is well positioned to benefit from the increasing-compliance burden in regulated industries," said Upin and Rangan. "In our view, eCompliance is a large, early stage market with undiscovered growth potential. We believe ESPS is the undisputed leader within this sector, in terms of market share, competitive position, customer base and domain expertise. "We have established a 12-month price target of $17," said Upin and Rangan. "We believe our estimates are on the lower end and see room for upside potential." Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens, the section 20 subsidiary of BankBoston (NYSE: BKB), is a leading international investment bank focused on growth companies in the technology, life sciences and healthcare, information and business services, retail and consumer products, real estate, media, telecommunications, broadcasting, and gaming and lodging sectors. The firm's 55 equity and high yield research analysts cover more than 600 companies. Since its founding in 1978, BancBoston Robertson Stephens has raised over $52 billion in initial public offerings, follow-ons and convertible offerings. The firm has also assisted in over 400 mergers and acquisitions transactions valued at more than $77 billion. BancBoston Robertson Stephens began its high yield securities business in February 1997 and since that time has completed 69 transactions, including 15 lead transactions, raising more than $12.6 billion. BancBoston Robertson Stephens has offices in San Francisco, New York, Menlo Park, Boston, Chicago, London and Tel Aviv. The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks.