Dain Rauscher Wessels Reiterates Strong Buy Rating On Vignette.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels MINNEAPOLIS--(BUSINESS WIRE)--April 20, 2000 Dain Rauscher Wessels Internet infrastructure analyst Stephen Sigmond today reiterated his "Strong Buy" rating on Vignette Corp. (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 : VIGN VIGN Vignette Corporation (stock abbreviation, AMEX) ), $60.56, with an improved risk profile of "Aggressive" from "Speculative." Sigmond's 12-month price target remains at $100. Vignette is a leading provider of products and services that allow businesses to use the Web as a new channel for customer acquisition and retention. "Once again, Vignette posted a stellar quarter that blew away our estimates," Sigmond wrote in a research note. "Revenue increased as the company generated excellent momentum in both license sales and services. Excluding noncash charges, Vignette achieved the important milestone of profitability two quarters earlier than expected. "Vignette's impressive March-quarter growth was driven by its StoryServer 5.0 product line, which shipped in December. Going forward, we remain highly enthused with V/Series, which we believe will significantly enhance Vignette's already powerful competitive position and business model. V/Series builds on Vignette's historic strength in content management and syndication, adding integrated analytics, customer segmentation, e-marketing/campaign management, and multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple communication capabilities, along with the Vignette Application Framework (VAF VAF Value Adjustment Factor VAF Vane Air Flow (automotive sensor) VAF Viral Antibody Free VAF Voice Activity Factor VAF Virginia Academy of Fencing VAF Variable Air Flow VAF Virginia Arts Foundation ), a high-level environment for rapid application development, configuration and deployment." Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Sigmond'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 38 analysts focus on five industries: consumer, energy, services, 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. 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. ; San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ; Seattle; and Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel(a). 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 managed or co-managed a public offering of the securities of Vignette Corp. within the past three years. Dain Rauscher makes a market in Vignette 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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