To: Benny Baga who wrote (5338 ) 5/6/1999 9:26:00 AM From: zuma_rk Read Replies (1) | Respond to of 20297
Think we missed this one: Friday April 23, 9:28 am Eastern Time E*OFFERING Analyst Gary Craft Upgrades Bottomline Technologies Rating to Buy SAN FRANCISCO, April 23 /PRNewswire/ -- The following is being issued by E*OFFERING, a member of the National Association of Securities Dealers, CRD Number 036717: E*OFFERING raised its rating on Bottomline Technologies (Nasdaq: EPAY - news) from attractive to Buy based on the company's strong 3Q99 performance where revenues, operating margins and earnings meaningfully exceed Street expectations. This performance occurred at a time when most enterprise application vendors are facing uncertainty and resistance in their growth prospects due to in no small part to Y2K issues. Senior Analyst Gary Craft raised his FY EPS estimates from $0.50 to $0.63 and indicated investors should be buying these shares since positive earnings results are usually followed by the same. He believes something very positive is afoot in the exciting corporate payments space where EPAY is the dominant vendor. E*OFFERING, an online investment banking firm funded in part by E*TRADE Group, Inc. and Sandy Robertson, founder and former CEO of Robertson Stephens & Co., provides full service Investment Research and Capital Markets capabilities to Institutional and Individual Investors. If you would like a copy of this report, visit E*OFFERING's website @ www.eoffering.com SOURCE: E*OFFERING ******Gary Craft raised his FY EPS estimates from $0.50 to $0.63 and indicated investors should be buying these shares since positive earnings results are usually followed by the same. THIS IS A REASON FOR AN UPGRADE!!! LOL!!! That's like the logic behind: "Well, it rained each of the last three Friday's, so the probability it will rain again this Friday is extremely high..." sheesh -- it just keeps piling higher, don't it... rk