Someone may want to go check this out. I won't have time til next week. I have no idea what is there and/or if it may be related to any of Sand's business.
Special Edition of The Wall StreetTranscript on Data Services
October 9, 1998 11:32 AM
NEW YORK--(BUSINESS WIRE)--Oct. 9, 1998--The Wall Street Transcript has just published an
issue with a 35-page focus on the data services industry. It features:
1. An extensive roundtable discussion with a distinguished panel of Wall Street analysts: Greg Gould
of Goldman Sachs, James Kissane of Bear Stearns, David Togut of Morgan Stanley, and Richard
Weingarten of Salomon Smith Barney. The main sectors are identified as large-scale outsourcing,
industry-specific outsourcing, transaction processing and systems and network integrators. Reasons
for the group's success include insulation from Asian issues, stable and growing earnings streams
from long-term contracts, demand for Y2K solutions, and perceived recession resistance. "I think this
is a great environment to be in this group right now," states Weingarten. Togut adds that the sector
"significantly outperformed the market...(but) selectivity has been crucial this year, and will continue
to be important." The distinguished panel offers 17 recommendations for the sector.
2. An off-the-record article in which the CEO performance of 15 biotechnology companies is reviewed
confidentially by analysts, money managers and industry experts. Many CEOs are praised, including
Art Weinbach of ADP AUD , who one source names "the best CEO this year", Tom McDonnell of
DST DST who is said to have "delivered on everything he has been talking about over the last couple
of years", and Tom Golisano of Paychex PAYX who has "put together, arguably, the best franchise
within the computer services space." Two firms get poor reviews: one allegedly "doesn't have a good
handle on what their cost structure is", and the other seemingly "didn't move quickly enough in selling
off non-core businesses." Vital insight for investors.
3. A special interview with P. Christian Hester, of Salomon Smith Barney, on Health Care Information
Technology. One trend Hester sees in the sector is towards outsourcing IT needs. He says, "as
computing power became less expensive...hospitals brought a lot of their IT functions in-house. Now I
observe a swing of the pendulum back towards outsourcing services."
4. An in-depth interview with Gary Sbona, President and CEO, and Ronald Weissman, VP Corporate
strategy, development and marketing, of Verity, Inc VRTY , where they talk about their company; the
technologies, products and markets they work with; the challenges they face and their opportunities
for growth; and the prospects for investors.
Companies discussed in this special focus are: ABR Information Services ABRX , Affiliated Computer
Services AFA , Associates First AFS , BA Merchant Services BPI , BISYS Group BSYS ,
Cambridge Technology Partners CATP , Ceridian CEN , Comdisco CDO , Computer Associates CA ,
Computer Sciences CSC , Convergys CVG , CSG Systems CSGS , Diamond Technology DTPI ,
EDS EDS , Fiserv FISV , Galileo International GLC , IBM IBM , Keane KEA , Medaphis MEDA ,
National Data NDC , Paymentech PTI , Sabre Group TSG , Sapient SAPE , SPS Transaction
Services PAY , Sungard Data Systems SDS , Technology Solutions TSCC , Unisys UIS , USCS
USCS .
For information about obtaining this issue call (212) 952 7433 or use the web at
secure.addy.com. The Wall Street Transcript does not endorse the
views of any interviewee or make stock recommendations.
The Wall Street Transcript is a premier weekly investment publication serving long-term investors for
over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts,
money managers and CEOs, and is read by money managers, brokers and individual investors.
Subscriptions information call (800) 246 7673.
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