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Technology Stocks : i2 Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (1396)10/12/1999 3:08:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 2339
 
RESEARCH ALERT- i2 upped to accumulate, $67 target

NEW YORK, Oct 12 (Reuters) - First Albany analyst Catherine Moore said Tuesday she raised her rating on software company i2 Technologies Inc. (NasdaqNM:ITWO - news) to accumulate from neutral and set a 12-month target price of $67.

-- i2 shares were up 1-1/4 at 53-3/16 on Tuesday on the Nasdaq stock market.

-- Moore said i2 has successfully carved a new niche as a leading vendor of Internet applications.

-- Transactional revenues are already estimated at more than $3 trillion, with potential to further capture the market.

-- Users of i2 Web applications include IBM Corp. (NYSE:IBM - news), Sun Microsystems Inc. (NasdaqNM:SUNW - news) and Hewlett-Packard Co. (NYSE:HWP - news).

-- Aggressive development over past year and persistent success with user deployments have rapidly positioned i2 as strong contender in Internet systems marketplace.