Dain Rauscher Wessels Initiates Coverage of Crossworlds Software With a Strong Buy Rating.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels. MINNEAPOLIS--(BUSINESS WIRE)--June 27, 2000 Dain Rauscher Wessels equity analyst Sarah Mattson today initiated coverage of CrossWorlds Software Inc. (Nasdaq:CWLD), $16, with a Strong Buy-Speculative Risk rating and a six-month price target of $30. CrossWorlds' solution provides a comprehensive e-business foundation with business process automation, application integration and a scalable architecture. "The CrossWorlds' solution provides one-of-a-kind business process modules that enable companies to more easily construct company- or exchange-specific interactions associated with e-business," Mattson said in a report. "Technologic advantages combined with an established salesforce and numerous high-profile partnerships including IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Pricewaterhouse Coopers, Andersen Consulting See Accenture. and Deloitte & Touche have positioned CrossWorlds to enjoy accelerating growth and gain market share." While the integration software market has been hyped over the past few years, Mattson believes it is still nascent and offers significant opportunity for vendors, such as CrossWorlds, with technologic differentiation. Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Mattson's research 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 36 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 350 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. 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Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 26 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 managed or co-managed a public offering of securities of CrossWorlds Software Inc. within the past three years. Dain Rauscher Incorporated makes a market in CrossWorlds Software Inc. and may act as principal with regard to sales or purchases of this security. 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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