Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: If only I'd held who wrote (68975)	1/29/2000 11:20:00 AM
From: EtTuBrute	Read Replies (3) \| Respond to of 108040

BWEB: Price target 60!! , Lehman Brothers up. SH: BackWeb Technologies: 4Q Tops Estimates-Raising Target to $60 02:17am EST 28-Jan-00 Lehman Brothers International (Michael E. Stanek (415)27 Ticker : BWEB Rank(Old): 1-Buy Rank(New): 1-Buy Price : $42 7/8 52wk Range: $51-15 Price Target (Old): $40 Today's Date : 01/27/00 Price Target (New): $60 Fiscal Year : DEC Solid quarter all around: revenue of $7.9M (+125%) topped our $6.8 million estimate. Loss of -$0.04 exceeded our -$0.07 estimate. Raising our FY00 revenue estimate slightly from $39.7M to $40.5M. Raising our EPS estimate from a loss of -$0.15 to -$0.11. 27% sequential revenue growth reflection of the addition on 40 new customers in quarter, bringing total to 100 for the year. Major wins in key vertical markets include Charles Schwab (financials) and SBC and Bell Atlantic Mobile (telecom). Company began recognizing revenue from SAP's CRM deployments which exceeded expectations and contributed a little less than 10% of revenue. As SAP deploys more CRM seats, BackWeb will receive a per seat royalty which could represent a source of future upside. New relationship and $15M investment by RealNetworks validation of BackWeb's B2C push strategy. BackWeb will incorporate its technology into the RealJukebox to automatically distribute music to the desktop. As a result of continued business execution and the potential of the SAP and RealNetworks deals, we are raising our price target from $40 to $60. Reiterate our 1-Buy rating