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

To: Peter W who wrote (411)	2/24/1998 7:33:00 PM
From: pumpkinmn	Read Replies (1) \| Respond to of 2477

RESEARCH ALERT-Dain starts BEA Systems Tuesday, February 24, 1998 04:44 PM > CHICAGO, Feb 24 (Reuters) - Dain Rauscher said Tuesday it initiated coverage of BEA Systems Inc with a buy rating and a 12- to 18-month price target of 32. -- Says price target based on a sub-growth-rate forward multiple of 50 times its 1999 earnings estimate of $0.64 a share. -- Estimates 1998 earnings of $0.05 a share, compared with loss of $0.34 a share in 1997. Sees acceleration of earnings growth beginning in 1998. -- Forecasts company to have $1 billion in revenues in four to five years. -- Stock closed down 1-21/32 at 23-9/16. Quote for referenced ticker symbols: BEAS c 1998, Reuters