To: $Mogul who wrote (101037 ) 4/27/2000 9:35:00 PM From: Fact4 Read Replies (1) | Respond to of 108040
Credit Suisse First Boston Initiating Coverage on eMachines With a Buy Rating PALO ALTO, Calif., April 26 /PRNewswire/ -- The following is being issued by Credit Suisse First Boston, a member of the National Association of Securities Dealers, CRD number 816: Credit Suisse First Boston Technology Group analyst Joel Pitt initiated coverage today on eMachines (Nasdaq: EEEE) with a Buy rating and estimates of of ($0.03) and $0.11, respectively for FY00 and FY01. (Photo:http://www.newscom.com/cgi-bin/prnh/20000204/CSFBTECH ) eMachines is a leading vendor of consumer PCs through the retail channel. By using low-cost, outsourced manufacturing to build its PCs, eMachines sells PCs at low (but profitable) price points to drive high unit volumes. The resulting large installed base creates significant high-margin Beyond the Box (BTB) opportunities. In only five full quarters of operation, eMachines has established a number three position in the U.S. retail consumer market and continues to gain significant shelf space at leading retail chains. Pitt believes that BTB opportunities are just starting to fall into place. He projects $21.4MM revenue in 2000 and $50MM revenue in 2001 from Internet service offerings, in-box coupons and Hot Keys. In addition to accelerate growth of its BTB business Pitt says the company plans to extend it product line to include consumer oriented Internet appliances. Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 15,000 employees. As of December 31, 1999, CSFB has $9.8 billion in revenues, $7.8 billion in equity and $275 billion in assets. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group. For more information on Credit Suisse First Boston, please visit the company's website at csfb.com . This press release is merely a synopsis of a Credit Suisse First Boston Corporation research report and neither is, nor intended to be a comprehensive summary of the report or recommendation. The report referred to herein should be read in its entirely prior to making a decision to invest in any of the companies mentioned therein. If you would like to obtain a copy of this report, please contact your CSFB sales representative.