Credit Suisse First Boston Announces Investment Opinion on Onyx Software Corporation; Initiates Coverage With a Buy Rating.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 12, 1999--Credit Suisse First Boston Technology Group analyst Michael Kwatinetz initiated coverage of Onyx Software Corporation (ONXS) with a Buy rating. 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. estimates for 1999 and 2000 are ($0.09) and $0.16, respectively. Onyx is a leading provider of web-enabled Enterprise Relationship Management software. Onyx products provide an integrated approach to managing key customer business processes including sales, marketing, service and customer support. The software is designed specifically for the Microsoft Windows NT platform. Onyx application software is designed specifically for the SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. database on the NT platform. "This positions the products to benefit disproportionately if SQL and NT gain market share," wrote Kwatinetz in a research note issued this morning. Kwatinetz believes that once Windows 2000 (previously called NT 5.0) is released, the growth rate could accelerate, especially since Win 2K enhancements should increase its appeal to enterprise customers. They include Directory services, improved clustering, a 64-bit version, enhanced security, and a higher level of reliability. The Internet changes all the rules on how companies need to interact with customers. This should help drive the Enterprise Relationship Management (ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. ) Software market to grow 45-50% CAGR CAGR See: Compound Annual Growth Rate through 2002, and Kwatinetz believes Onyx is well positioned here. For more information or to obtain copies of this research, please contact Michael Kwatinetz At 212/325-0751 or Nate Meyer at 650/614-5048. CSFB's Technology Group, based in Palo Alto, was established in June of 1998 with the hiring of Frank Quattrone and his team of nearly 150 technology banking & research professionals. CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank Technology Group is a full-service international investment banking firm specializing in technology transactions. The firm has over 150 technology-focused professionals, including 21 research analysts, in Palo Alto, San Francisco, 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 , Boston, London, Toronto and Asia. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion