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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (26360)	11/11/1999 10:39:00 AM
From: puborectalis	Respond to of 108040

ITRA news..........To: jbcash who wrote (414) From: mark cox Thursday, Nov 11 1999 10:19AM ET Reply # of 415 07:06am EST 11-Nov-99 Credit Suisse First Boston (Buyer, Lise (650) 614-5088) C ITRA: The Momentum Continues FBC CREDIT SUISSE FIRST BOSTON CORPORATION Equity Research Americas U.S./Technology/InternetNewMedia Lise Buyer 650-614-5088 lise.buyer@csfb.com Tracey Ford -650-614-5157 tracey.ford@csfb.com Heath Terry -650-614-5131 BUY MID CAP Intraware (ITRA) The Momentum Continues Summary The membership and customer bases at Intraware are growing rapidly.. Membership is up 80% from 3,299 to 5,927 between Q200 (Aug) and Nov 1. The customer count grew 15% from 149,000 to 171,600. The company also continues to add new vendors as it lives up to its promise to diversity. Recent additions include Siebel Systems and Computer Associates, along with previously announced additions Macromedia, Novell and Hewlett Packard. We expect Netscape to account for only between 50% and 60% of revenues over the next two quarters, down from over 90% earlier this year. In continued efforts to grow the network and offer increased service and support to customers, Intraware has also added three new partners to its Solution Provider Network, its online network of internet consulting firms. AppNet, Inventa and Lante, will provide Intraware customers consulting services for software evaluation, procurement, implementation and maintenance. Finally, this overlooked stock is beginning to catch investors' attention. We believe there is significant upside ahead and expect Intraware to deliver both rapid top line growth and, after an expected peak this quarter, decreasing operating losses. We reiterate our Buy on ITRA and believe that investors focused on this self-perpetuating business model will be rewarded as the stock moves toward the $50 range. ************************************* Diversifying[vendors], expanding[services], growing[customers and revenues] and soon increasing[margins]. What more could you want? Oh yeah, they own their space. Mark