BlueFire Research Initiates Coverage of IntraNet Solutions; IntraNet Solutions Receives Outperform rating, 12-month target price of $70/Share.Business Editors & Analysts NOTE: The following is an investment opinion issued by BlueFire Research. MINNEAPOLIS--(BUSINESS WIRE)--Nov. 27, 2000 BlueFire Research, an SEC registered investment adviser affiliated with BlueFire Partners, today initiates coverage of IntraNet Solutions (Nasdaq:INRS INRS Institut National de la Recherché Scientifique INRS Institut National de la Recherche et de la Sécurité (French National Research and Safety Institute) INRS It's Not Rocket Science (slang and also a web site) ) with an 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 and a 12-month target price of $70 per share, based on a multiple of 15 times estimated revenue for the calendar year ended December 31, 2001. IntraNet Solutions is a leading provider of web-based content management software for business-to-business and business-to-employee applications across the enterprise. "We are initiating coverage of IntraNet Solutions with an Outperform rating," said BlueFire Research Managing Director Joanne Henry. "IntraNet Solutions has demonstrated exceptional revenue growth and a profitable business model. The company has good visibility on future revenue with nearly half of its revenue coming from a blue-chip installed customer base. License revenue is 82 percent of its total, reflecting an out-of-the box solution that deploys quickly and provides for high margin installations. We believe IntraNet Solutions' market should continue to show exceptional growth as businesses grapple with the challenge of managing their enterprise data and business processes using the Internet. This is a mission critical business problem." "We are especially impressed with the fact that IntraNet Solutions has an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that includes delivery of business content from a wide variety of formats onto a wide variety of common wireless devices," Henry continued. "With 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 contracts with both device manufacturers like Compaq and Hewlett-Packard and major service providers, such as Yahoo!, IntraNet Solutions is poised to benefit from the rapid growth of wireless devices for business applications." The initial research report on IntraNet Solutions 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 IntraNet Solutions 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 The research report on IntraNet Solutions 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 affiliate, owns securities in the subject company of this report unless it is specifically disclosed. |
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