Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

BancBoston Robertson Stephens Upgrades ASDV to Buy Rating from Long-Term Attractive, Reestablishes Coverage.


SAN FRANCISCO--(BUSINESS WIRE)--Sept. 30, 1999--

BancBoston Robertson Stephens Internet eBusiness and Web applications analyst Kash G. Rangan today upgraded Aspect Development (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ASDV ASDV Association for Service Disabled Veterans
ASDV Atmospheric Steam Discharge Valve
ASDV Advanced SEAL Delivery Vehicle
) from a Long-Term Attractive rating to a Buy.

Aspect Development, headquartered in Mountain View, Calif., is a software, data-content and services company, providing 1) component and supplier-management solutions to manufacturers and 2) MRO MRO

In currencies, this is the abbreviation for the Mauritanian Ouguiya.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 catalogs for b2b procurement in manufacturing and services industries.

"We are upgrading Aspect Development to a Buy rating from a Long-term Attractive," said Rangan. "We believe the company's core business is back on track, highlighted by better sales execution and management as well as a growing pipeline of potential business. We believe Aspect Development's B2B eCommerce leg has strong potential, with a possible spin-off of its subsidiaries in calendar 2000.

"We are raising our fiscal 2000 earnings-per-share estimates from $0.42 to $0.53, and believe Aspect represents an inexpensive way to play the tremendous opportunities in the B2B eCommerce space" said Rangan.

Clients interested in receiving more information should contact their salesperson at (415) 781-9700.

BancBoston Robertson Stephens is the leading full-service investment bank focused exclusively on growth companies. To date in 1999, the firm has completed over 130 offerings, raising more than $24 billion in capital for clients. The firm's 47 research analysts cover nearly 700 companies.

Founded in 1978, BancBoston Robertson Stephens is the section 20 subsidiary of BankBoston Corporation (NYSE NYSE

See: New York Stock Exchange
: BKB BKB Basler Kantonalbank (Switzerland)
BKB Black King Bar (gaming weapon)
BKB BV Kwaliteitsverklaringen Bouw (Dutch)
BKB BankBoston Corporation
).

Together, BancBoston Robertson Stephens, BancBoston Robertson Stephens International, and Evergreen Securities Ltd. employ 1,000 employees throughout the world with offices in Boston, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Menlo Park Menlo Park.

1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there.

2 Uninc.
, Chicago, London, and Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest . For more information about the firm, please visit our Web site at www.rsco.com.

The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks."

The information contained herein is not a complete analysis of every material fact respecting any company, industry or security.

Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted.

In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks."

BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information Nonpublic information

Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading.
 regarding such companies. This information is not used in the preparation of the opinions and estimates herein.

While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report.

Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report.

BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom.

This publication is not meant for private customers. The securities discussed herein are not FDIC FDIC

See: Federal Deposit Insurance Corporation


FDIC

See Federal Deposit Insurance Corporation (FDIC).
 insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 30, 1999
Words:641
Previous Article:Loews Cineplex Entertainment Announces Financial Results for Second Quarter; Record Box Office and New Theatres Spur 18% Increase in Operating Cash...
Next Article:RAVISENT Technologies Inc. Named the #1 Fastest Growing Technology Company in Deloitte & Touche Fast 50 Program; Experiences 23,731 Percent Sales...
Topics:



Related Articles
BancBoston Robertson Stephens Initiates Coverage of the Hotel REIT Industry, MHX with a Buy Rating, FCH and KPA with Long-Term Attractive Ratings.
BancBoston Robertson Stephens Upgrades CDT from a Long-Term Attractive Rating to a Buy Rating.
BancBoston Robertson Stephens Initiates Coverage of DRRA a Buy Rating.
BancBoston Robertson Stephens Initiates Coverage of BSX with a Buy Rating.
BancBoston Robertson Stephens Downgrades ASN to a Long-Term Attractive Rating from a Buy.
BancBoston Robertson Stephens Initiates Coverage of the B2B eCommerce Sector, With Buy Ratings on CMDX, ICGE, VERT.
BancBoston Robertson Stephens Reiterates Strong Buy Rating on AMZN.
BancBoston Robertson Stephens Downgrades DELL to a Long-Term Attractive Rating from a Buy Rating.
Robertson Stephens Upgrades CRUS to a Buy Rating, Establishes a $15 Year End Price Target.
Robertson Stephens Initiates Coverage of ISIL with a Buy Rating.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles