Dain Rauscher Wessels Expands Webcom Service and e-business Applications Coverage; Initiates Ratings On Two Companies.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher MINNEAPOLIS--(BUSINESS WIRE)--Nov. 29, 2000 Dain Rauscher Wessels today increased research coverage in the webcom service and e-business applications industries. Cynthia Houlton initiated coverage of Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. 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 : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), $30.38, with a Buy-Aggressive Risk rating. Houlton has 12-month price target of $40. Akamai provides global content delivery and streaming media See streaming audio, streaming video and digital media hub. service from a distributed server network located at the edge of the Internet. "Akamai is well positioned in the large and rapidly growing content distribution and streaming media market," Houlton said. "Our premium valuation compared to other public utility computing (1) Pay-per-usage processing provided by a service organization that uses its own computers and facilities. Customers access the computers via a private network or over the Internet and are charged according to how much computing time they use, such as CPU seconds, minutes or hours. providers is based on its market-leading position, a leveragable and scalable business model and strong management team." Cameron Steele initiated coverage of E.piphany Inc. (NASDAQ: EPNY), $45.94, with a Buy-Speculative Risk rating. Steele has 12-month price target of $70. E.piphany is a leading provider of software that allows companies to build stronger relationships with their customers through both online and offline channels. "We believe E.piphany has a very significant market opportunity going forward as companies increasingly need effective solutions to develop loyal and profitable customer relationships," Steele said in a report. "Catalysts for the company will likely include additional client wins, continued traction with system integration partners, international expansion and broadened product offerings." Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving the research notes 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 425 people, has offices in Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , 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). Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 27 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to nonaffiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, 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. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St. Dain Rauscher Incorporated makes a market in Akamai Technologies Inc. and E.piphany Inc. and may act as principal with regard to sales or purchases of this security. The author(s) of the E.piphany report hold(s) a long position in the common shares of E.piphany Inc. 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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