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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: JSB who wrote (15592)	2/10/2000 8:21:00 AM
From: Richard Tsang	Read Replies (2) \| Respond to of 118717

Morning, Jeff. DLJ has a target of 90 on EGAN (2/9): EGAN announced a definitive agreement to acquire Big Science Company this morning for $35 million, validating our theme that consolidation in the eCRM space is happening sooner than we originally thought probable. We believe that Big Science's leading "chatterbot" technology complements eGain's leading Web-based eCRM (Customer Relationship Management) platform by bringing a heightened emphasis to the "Relationship" portion of CRM. The new technology will be called eGain Assist and will become one of a suite of six integrated products offered by EGAN. The financials of the deal appear attractive relative to recent transactions in this space. Big Science currently has 6 paying customers, which equates to a cost of about $6 million per customer (to EGAN). More importantly, we believe that the pipeline is strong and expect announcements pertaining to this in the near term. We continue to believe that EGAN will emerge as a leader in the exploding eCRM segment of the software market and reiterate our buy rating and $90 target.