BlueStone Capital Maintains A Strong Buy Recommendation.NEW YORK--(BUSINESS WIRE)--Aug. 8, 1997--Announced today, Senior Analyst, Steve Jaworski of BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Partners, L.P. maintains a Strong Buy recommendation for Robocom Systems Inc. (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 :RIMS). Robocom Systems Inc. develops, markets and supports advanced facility management software solutions that enable companies to realize significant cost savings by automating their warehouse or distribution center operations. - Robocom Systems reported pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma year-end results of $0.45 for FY97, up from $0.28 in FY96. Revenues of $7.5 million were a record. The transition away from customized WMS WMS Warehouse Management System WMS Web Map Service (open geospatial consortium specification) WMS West Middle School (Rochester Hills, MI) WMS Workforce Management Software WMS Wechsler Memory Scale (warehouse management system) applications to the standardized RIMS solution packages continues as evidenced by the 17 RIMS site installations completed in FY97, up from 5 in the prior year. Margins jumped, aided by the increase in sales of the more profitable RIMS packages and the increasing maintenance base. - Management reports that proposal activity is very busy. This upsurge in business activity comes during, what has historically been a seasonally slow period. - We are adjusting our EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. estimate for FY98 to $0.48, from $0.45 to reflect an improvement in margins going forward. Upside potential exists if the international expansion progresses smoothly. FY98's EPS estimate is based on a 41% increase in shares outstanding from FY97, reflecting the company's recent IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . We are maintaining our STRONG BUY RECOMMENDATION on the belief that the accelerating revenues in the second half of FY98 will trigger P/E P/E See: Price/earnings ratio multiple expansion. Our 12 month target price remains $11.00-$13.50. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. CONTACT: Steve Jaworski 212/850-0566 |
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