To: TLindt who wrote (331 ) 4/2/1998 1:35:00 PM From: Benny Baga Read Replies (2) | Respond to of 2882
Sterling Commerce is a leading, global provider of business-to-business electronic commerce software and value-added services. The company is ranked eighth on Forbes magazine's list of Best-Performing Small Companies in America. Also, The Red Herring, a magazine which covers the business of technology, named Sterling Commerce as one of the five Best Long-Term Potential technology companies. Sterling Commerce has been providing electronic commerce solutions for over 20 years, and has 36 office locations and more than 50 distributors worldwide. Sterling Commerce has over 37,000 customers and 1,700 employees worldwide, and 1997 revenues of over $350 million. sterlingcommerce.com biz.yahoo.com biz.yahoo.com Merrill Lynch & Co. issues Bulletin on Sterling Commerce: INVESTMENT HIGHLIGHTS: Price objective, $54, 32x CY'98EPS of $1.70. Acquisitions likely in '98, creative impact . FUNDAMENTAL HIGHLIGHTS: Increased visibility EPS estimates, FY'98 $1.26,Fy'99 $1.60. Enhanced outlook, strong recent 1Q results, international growth 35-40%, creative, acquisitions likely. Core network services robust, 35% growth, electronic commerce outsourcing contracts expected. LTG growth+30% The security analyst indicated that they expect 3-4 managed network services outsourcing contracts this year, ONE ANNOUNCEMENT IS IMMINENT. They also state: "We believe that this market of electronic commerce outsourcing is just beginning and we believe SE has the breadth and scope in its operations to handle these contracts cost effectively. We believe the electronic commerce market is growing 29% CAGR and projected to reach 7.2 billion by '01. These figures are for business to business electronic commerce market."