Dain Rauscher Wessels Announces Investment Opinion, Initiates Coverage on Manugistics, MatrixOne and Oracle.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels MINNEAPOLIS--(BUSINESS WIRE)--March 23, 2001 Dain Rauscher Wessels equity analyst Kash Rangan today initiated coverage on three leading software and programming companies. -- Manugistics Group Inc. (Nasdaq: MANU), $25.00, with a Buy-Aggressive Risk rating. -- MatrixOne Inc. (Nasdaq: MONE), $17.75, with a Buy-Aggressive Risk rating. -- Oracle Corp. (Nasdaq: ORCL), $15.50, with a Buy-Aggressive Risk rating. Manugistics provides supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) software solutions for large enterprises. Once the supply chain management market leader, Manugistics yielded the top spot to i2 Technologies in recent years. Rangan said the company has enacted a turnaround, inserting a new management team that recognizes the value of the product line, reputation and branding. "Manugistics has bolstered its core SCM suite through a series of acquisitions that have added functionality during the past three to four years," he said. MatixOne is a leader in providing B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business collaboration tools, applications and services for enterprises, supply chains and e-marketplaces. "MatixOne was early in establishing itself as a leading provider of e-collaboration infrastructure solutions," Rangan said. "It sells eMatrix9, a product which their customers have told us is flexible and easy to adapt. Customers are able to model business processes, map workflows, integrate databases and external applications, and prototype and test customized solutions." Oracle is a leading provider of information management and e-business application software. While the database market exhibits moderate growth, Oracle's opportunity is in enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), e-procurement, SCM and application servers, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Rangan. Oracle is addressing these markets with 11i, a web-architected and pre-integrated application. "With 210 customers - mostly small- and mid-size companies - live on 11i, Oracle expects to see this number grow to 1,000 within six months," Rangan said. Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Rangan's report should call (612) 371-7752. The Dain Rauscher Wessels division includes equity research, equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as , institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 450 people, has offices in Atlanta, Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a). Dain Rauscher Corporation, 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 Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (NYSE NYSE See: New York Stock Exchange : RY), is one of the nation's largest full-service securities firms with 1,200 investment executives and 3,800 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis. Dain Rauscher Inc. managed or co-managed a public offering of the securities of MatrixOne within the past three years. Dain Rauscher Inc. makes a market in Manugistics, MatrixOne and Oracle and may act as principal with regard to sales or purchases of these securities. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. (a) Strategic alliance with Tamir Fishman & Co. |
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