BlueFire Research Initiates Coverage of Datakey.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by BlueFire Research. MINNEAPOLIS--(BUSINESS WIRE)--Dec. 18, 2000 Datakey Receives Outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. rating, 12-month target price of $10 Share BlueFire Research, an SEC registered investment adviser affiliated with BlueFire Partners, today initiates coverage of Datakey (Nasdaq:DKEY) with an Outperform rating and a 12-month target price of $10 per share, based on a multiple of 5.3 times estimated revenue for the calendar year ended December 31, 2001. Datakey provides smart card solutions for the Public Key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) security market, offering authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and privacy solutions for business-to-business and government applications. "We are initiating coverage of Datakey with an Outperform rating for speculative investors," said BlueFire Research Managing Director Joanne Henry. "The basis of our investment thesis lies in Datakey's security solutions and its proprietary PKI integration software. Datakey has developed a smart card solution offering two-level security that is integral to a strong PKI environment. PKI is becoming the security standard of choice for financial service institutions, government agencies and other global organizations because it provides a security level that is essential to authentication and data privacy on the Internet. Datakey has partnership and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationships with other major PKI vendors and is in excellent position to take advantage of growth in this market sector," Henry said. "Our rating reflects the stock's near-term potential and we intend to watch Datakey closely in 2001 as it executes on its PKI initiatives." The initial research report on Datakey will be made available to BlueFire's proprietary database of investment professionals and through nationally recognized services that currently provide equity research online or by traditional subscription means. For more information and a copy of the Datakey report, please send an electronic mail message to tbart@bluefirepartners.com or telephone (612) 344-1032. BlueFire Research was formed in January 2000 by Minneapolis-based BlueFire Partners to provide investment research on small capitalization growth companies in health care, technology, financial institutions, consumer, and industrial growth sectors. BlueFire Research prepares and provides research reports and periodic updates to investment professionals and the investment community on mid-cap, small-cap and micro-cap companies who, in most cases, are clients of BlueFire Partners. About BlueFire Partners BlueFire Partners is an independent, privately held professional firm providing strategic consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" focused on enhancing the enterprise value of its clients. With headquarters in Minneapolis, BlueFire has a national reputation for expertise in advising growing companies in the areas of corporate strategy, investor relations Investor relations The process by which the corporation communicates with its investors. , public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , graphic design services, media relations, product launch campaigns, performance improvement initiatives and leadership development. BlueFire Research, a subsidiary of BlueFire Capital Markets Group, is an SEC-registered investment adviser providing investment research on small-capitalization growth companies and other investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Bluefire Research reports and updates are available online at www.bluefirepartners.com/bfr/index.shtml. The research report on Datakey was prepared by BlueFire Research, a Registered Investment Adviser, and an affiliate of a company that provides a variety of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for the subject company of this report. However, the subject company of this report has paid no direct compensation to the investment adviser or its affiliate for the preparation, distribution, and dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there of this report. This report is for information purposes only and does not constitute an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy or sell any securities. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. No officer, director or employee of BlueFire Research, or its affiliates, owns securities in the subject company of this report unless it is specifically disclosed. |
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