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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?

To: brk who wrote (1530)	2/6/2001 2:32:32 PM
From: sandintoes	Read Replies (1) \| Respond to of 2477

BEAS is a good company with strong management! siliconinvestor.com All Headlines U.S. Bancorp Piper Jaffray Announces Investment Opinion on BEA Systems Initiates Coverage of BEAS With a Buy Rating and a $78 Price Target MENLO PARK, Calif., Feb 6, 2001 (BUSINESS WIRE) -- U.S. Bancorp Piper Jaffray Senior e-Infrastructure Analyst Mike Marzolf today initiated coverage of BEA Systems (Nasdaq: BEAS--$64 chart, msgs 5/8 chart, msgs, a chart, msgs) with a Buy rating and a 12-month price target of $78, based on 27.3 times fiscal year 2002 revenue estimates of $1.232 billion. BEA Systems, Inc., enables businesses to integrate and leverage mainframe, legacy and ERP systems with the Web to manage transactions and relationships with customers, partners and suppliers. BEA's flagship product WebLogic server is a 100 percent Java-based application server for leveraging the older process-centric client server enterprise applications to the Web and a platform for developing Web applications. "We believe that BEA is a clear leader in the e-Infrastructure market, with incredible momentum specifically in the booming application server market where the company's WebLogic server currently dominates with over 50 percent market share," said Marzolf. "We believe that BEA's success in penetrating this market is both a function of a world-class product technology and broad adoption by the independent software vendor (ISV) channel." In his report, Marzolf states that the installed base of WebLogic application servers will allow BEA to extend its growth. "We believe that the cross-sell potential for the newer integration products, eLink and Collaborate and personalization and commerce CRM products will continue to emerge," said Marzolf. "We believe that while BEA is not the first mover in the Web-based CRM and B2B markets, the company will enjoy significant penetration into these markets driven initially by the success and trusted status of the underlying WebLogic platform." U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based U.S. Bancorp, provides a full range of investment products and services to businesses, institutions and individuals. The company's investment banking business has grown exponentially in the last several years by focusing on the needs of growth companies in the health care, technology, financial institutions, consumer and industrial growth sectors. U.S. Bancorp Piper Jaffray has a national reputation for its expertise in fundamental research and equity and debt financing. U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, First American Asset Management, U.S. Bancorp Libra Investments and U.S. Bancorp Piper Jaffray. Securities products and services offered through U.S. Bancorp Piper Jaffray, Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.