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Technology Stocks : Software.com, Inc. (SWCM) -- Ignore unavailable to you. Want to Upgrade?

To: edwin mok who wrote (37)	7/18/1999 4:55:00 PM
From: Michael L. Voorhees	Respond to of 142

edwin: I agree with you. This is especially true in light of the prevailing monolithic sendmail software which is still used extensively. As the InterNet scales to more and more users SWCM's business model becomes more attractive. I really question the ISP business model as I continue to see pricing pressures from both above and below. SWCM's business model scales well (probably non-linearly). The real question is, will endorsements start coming. In my mind, the only reason AOL continues to prosper is the endorsement by financial bankers such as Goldman Sachs. Their product sucks, but it doesn't matter. These guys have enough money to pour into a business to sell cattle manure at gold bullion prices.

To: edwin mok who wrote (37)	7/19/1999 7:26:00 PM
From: Rusty Johnson	Read Replies (1) \| Respond to of 142

Credit Suisse First Boston Initiates Coverage with a Strong Buy biz.yahoo.com RESEARCH ALERT - Software.com started NEW YORK, July 19 (Reuters) - Credit Suisse First Boston said Monday analyst Kristen Koh started coverage of Software.com Inc. with a strong buy rating. -- In a brief, said, ''A conservative free cash flow analysis of just the (company's) e-mail business -- before incorporating growth expectations of IP voicemail, calendaring, and other applications -- indicates an intrinsic value of $76 per share.'' BancBoston Robertson Stephens Initiates Coverage of SWCM with a Buy Rating biz.yahoo.com ''We are initiating coverage of Software.com with a Buy rating,'' said Powers. '' We believe Software.com is a franchise-Internet-infrastructure company and are excited about the tremendous-growth opportunity in this market. ''We believe Software.com's rapid-revenue growth is being driven by many factors, including: the enormous growth of email users on the Internet -- ISPs and Portals need Software.com's scalable-email solution to handle the volume of users; the company's current leveraging of its email technology to provide unified messaging for email, voicemail and faxes, especially as thin clients such as PDAs and cell phones gain popularity; and the heating-up of the Portal Wars, thereby increasing the need for these companies to provide web-email to users,'' said Powers. Analyst Steve Harmon ... Q: Do you think CTCH is a better bargain at the current price than MAIL, SWCM or CPTH? What is you take on these email companies?" Reply: With market capitalizations for Critical Path (NASDAQ:CTPH) rocketing to more than $1.8 billion and more than 3x that since going public, with Software.com (NASDAQ:SWCM - news) at $1.8 billion also, with Mail.com (NASDAQ:MAIL - news) $900 million and CommTouch at $296 million it makes me wonder. Right now it's very early in the outsourced corporate email game and it's a field that I believe has some legs on it since fundamentally corporations probably don't want to invest in huge Web efforts internally (no more than huge phone systems or phone trunks, which are outsourced to the telcos). Another analogy is how many corporations build their own PCs internally? next to none if any. Why should they build their own mail servers? So I see a lot of potential here. internetnews.com Best of luck.