Credit Suisse First Boston Announces Investment Opinion on Vitria Technology.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)--Oct. 13, 1999-- Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Initiates Coverage of Vitria Technology with a Strong Buy Rating Credit Suisse First Boston Technology Group analyst Wendell Laidley initiated coverage yesterday for Vitria Technology (VITR VITR Vitria Technologies (stock symbol) VITR Visible and Thermal Infrared Radiometer ) with a STRONG BUY rating and a twelve-month price target of $75, which suggests 61% upside from current levels. 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 are FY99 ($0.45) and FY00 ($0.34), respectively. BusinessWare is the leading provider of real-time eBusiness infrastructure software to help companies streamline and manage complex eBusiness processes across the extended enterprise. "Since the 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. , VITR has made significant progress with 3rd party partnerships, added several new blue-chip customers that validate the `killer app factory' strategy and backlog is through the roof," said Laidley in a research note issued earlier yesterday morning. Laidley believes that "the Company is capable of delivering revenue growth of 70%-plus for the next 3-5 years," with Q3:99 estimates at $7 million. Laidley also stated that VITR has the potential to define a critical slice of the exploding eBusiness market and believes the shares represent a core technology holding for growth-oriented technology investors. Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended December 31, 1998, CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Zurich-based Credit Suisse Group. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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