Prudential Volpe Technology Group Launches Research Coverage.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Prudential Prudential is the name of two different companies and buildings named after them: Companies:
NEW YORK--(BUSINESS WIRE)--Jan. 13, 2000 Prudential Securities Incorporated today announced that the Prudential Volpe Technology Group has launched coverage on E*Trade E*TRADE Financial Corporation (NASDAQ: ETFC) is a financial services company based in New York, NY, United States. It is a holding company, the major business of which is an online discount stock brokerage service for self-directed investors. , Insweb, Peregrine, Verisign VeriSign, Inc. (NASDAQ: VRSN) is an American company based in Mountain View, California that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the generic top-level domains for .com and . , Integrated Device Technology IDT (NASDAQ: IDTI) was founded in 1980 as a semiconductor vendor. Employing approximately 2500 people worldwide, headquartered in San Jose, California and operating a fab in Hillsboro, Oregon, the company both designs and fabricates semiconductor components. , Adaptive Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). , Nokia Nokia (nō`kēä), town (1996 pop. 26,326), Western Finland prov., SW Finland, on Lake Näsijärvi. It is an industrial community where wood and rubber products are manufactured. , MicroStrategy MicroStrategy is a business intelligence, Enterprise Reporting, and OLAP software vendor. MicroStrategy's software allows reporting and analysis of data stored in a relational database and other sources. , IXL Enterprises, Razor Fish, Open TV and RealNetworks (RealNetworks, Inc., Seattle, WA, www.realnetworks.com) The company behind the RealMedia and the RealPlayer technologies. Originally Progressive Networks, product names have a Real prefix (RealPlayer, RealOne, RealArcade, RealAudio, etc.). See RealMedia. , among other companies. "The Prudential Volpe Technology Group strengthens our existing research platform. We are looking forward to the increased scale and scope of coverage the research launch is bringing to our focus on emerging growth and middle market-oriented technology companies," said Michael Shea Michael Shea (1943-) is an American fantasy author living in California. His works include Nifft the Lean (1982) (winner of the World Fantasy Award) and The Mines of Behemoth (1997) (later republished together as The Incomplete Nifft , Executive Vice President and Director of Global Research at Prudential Securities. Prudential Volpe Technology Group, formerly known as Volpe Brown Whelan The family surname Whelan is an anglicised variety of an ancient Irish name, Ó Faoláin, which is the name of an important Irish sept which was prominent in a southeast area of Ireland known historically as "The Decies", which today is part of the modern county of Waterford. & Co., is the newly acquired, technology investment banking arm of Prudential Securities. The research department of Volpe Brown Whelan & Co., composed of eight research analysts, became part of Prudential Securities when the firm acquired Volpe Brown Whelan & Company in December December: see month. . Prudential Volpe Technology Group offers investment banking, research, institutional equity sales and trading, to technology companies. The Prudential Volpe Technology Group research analysts include Bryan Bryan, city (1990 pop. 55,002), seat of Brazos co., E central Tex.; inc. 1872. Settled in the early 19th cent. in an area of large plantations, Bryan was long a cotton center. Keane Keane (IPA: /kiːn/) are an English piano rock band, first established in Battle, East Sussex in 1995, taking their current name in 1997. , David Breiner, Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
In the United States the states where most Sturtzs' live are in New York, Ohio, Pennsylvania, and Iowa. , Peter Ausnit, Pete Peterson
Douglas Brian "Pete" Peterson and Derek Derek is a male name of English and Old German origin, possibly derived from the Old German Theodoric,[1] meaning power of the tribe or ruler of the people. Brown. "We're very excited to be launching research coverage on some of the premier names in the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , Communications and Enterprise Software sectors. By combining resources with Prudential Securities, we are expanding and sharpening For image sharpening, see . Sharpening is the process of creating or refining a sharp edge on a tool or implement. The term has a wide application but can be expressed as the creation of two intersecting planes which produce an edge that is sharp enough to cut through the target our focus on emerging technology companies as well as delivering superior research to our clients," said Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Volpe, Co-Managing Director of Prudential Volpe Technology Group. Prudential Volpe Technology Group serves clients in the following sectors: the Internet (including consumer content, consumer e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. , e-finance, e-marketing, e-business platforms and applications, business-to-business infomediaries, and e-business services), Communications (including Internet infrastructure, wireless technology, communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems and communications services) and Enterprise Software (including enterprise infrastructure management, information security, information services See Information Systems. and business intelligence software) sectors. (For a complete listing of research coverage, please review the following press release supplement.) Since 1992, Volpe Brown Whelan & Co. led or co-managed more than 220 public offerings with an aggregate value of more than $12 billion. During the same period, the firm provided financial advisory and M & A services to over 70 companies with an aggregate transaction value of more than $8 billion. In addition, Volpe Brown Whelan & Co. and its partners raised over $500 million of private equity for early and late-stage private companies and continue to manage the firm's private equity investments. Prudential Securities Incorporated is a fully diversified diversified (di·verˑ·s , global securities firm based in 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. , serving clients in the U.S. and overseas through approximately 6,700 Financial Advisors. The fifth-largest brokerage firm in the U.S., Prudential Securities is a subsidiary of the Prudential Insurance Company of America.
Research coverage by Steve Abrahamson
(information management software):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M Business Objects - 117? Accumulate
(ADS 1:1)
M Cognos Inc. - 57 5/16 Accumulate
M MicroStrategy Inc. - 231 Strong Buy
None SAP Aktiengesellschaft - 60 1/2 Hold
(ADS 1:0.083)
M Siebel Systems - 77 Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High BOBJ Abrahamson
Low 2 COGN Abrahamson
High MSTR Abrahamson
Moderate SAP Abrahamson
High SEBL Abrahamson
Research coverage by Peter Ausnit
(e-business platforms & applications):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M BroadVision Inc. - 135 1/2 Accumulate
M Citrix Systems - 120? Accumulate
M Inktomi Corp. - 87 5/16 Accumulate
M Novell, Inc. - 34? Hold
M OpenTV Corp. - 85? Accumulate
M RealNetworks Inc. - 126 1/4 Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High BVSN Ausnit (formerly by Crook)
High CTXS Ausnit
High 9 INKT Ausnit
Moderate 10 NOVL Ausnit
High OPTV Ausnit
High RNWK Ausnit
Research coverage by David Breiner
(enterprise infrastructure):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M ISS Group - 55 1/2 Accumulate
M Legato Systems - 55? Accumulate
M New Era of Networks - 54 9/16 Accumulate
M Peregrine Systems - 73 1/4 Strong Buy
M VeriSign Inc. - 160 27/64 Accumulate
M VERITAS Software - 126 Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High ISSX Breiner
High LGTO Breiner
High NEON Breiner(formerly by McPeake)
High 3 PRGN Breiner
High VRSN Breiner
Moderate VRTS Breiner
Research coverage by Derek L. Brown
(Internet/consumer):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M U About.com Inc. - 66 Strong Buy
M U Alloy Online - 16 1/4 Strong Buy
M U Audible Inc. - 16? Accumulate
M U Cheap Tickets - 13 1/2 Accumulate
M CNET Inc. - 54 15/16 Strong Buy
M U EMusic.com, Inc. - 9? Accumulate
M FTD.com - 4 1/2 Accumulate
M Lycos Inc. - 69 15/16 Strong Buy
M U Stamps.com - 34 Accumulate
M U Talk City - 18? Accumulate
M Yahoo Inc. 357 9/16 Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High BOUT Brown, D.
High 1 ALOY Brown, D.
High ADBL Brown, D.
High CTIX Brown, D.
High CNET Brown, D.
High 6 EMUS Brown, D.
(formerly by Merenbloom)
High 6 EFTD Brown, D.
High 7 LCOS Brown, D.
High STMP Brown, D.
High TCTY Brown, D.
Moderate YHOO Brown, D.
Research coverage by Bryan C. Keane
(e-finance):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M E*Trade Group - 26 1/16 Strong Buy
M InsWeb Corp. - 18 11/16 Accumulate
M Intuit Inc. - 71? Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High 9 EGRP Keane
High INSW Keane
High 7 INTU Keane
Research coverage by Pete Peterson
(wireless communications):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M Adaptive Broadband - 93 3/16 Accumulate
M U AirNet Communications - 30? Accumulate
M Itron Inc. - 7 1/64 Hold
M L.M. Ericsson - 61 15/16 Hold
(ADS 1:1)
S U Motorola, Inc. - 133 13/16 Accumulate
None Nokia Corp. - 170? Accumulate
M P-COM Inc. - 11 1/16 Hold
M Powerwave Technologies - 57 1/2 Accumulate
M QUALCOMM Inc. - 138 1/4 Accumulate
M RF Micro Devices - 74? Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High 6 ADAP Peterson, P.
High ANCC Peterson, P.
High ITRI Peterson, P.
High ERICY Peterson, P.
High MOT Peterson, P.
High NOK Peterson, P.
High PCMS Peterson, P.
(formerly by Butler)
High PWAV Peterson, P.
High 9 QCOM Peterson, P.
High 3 RFMD Peterson, P.
Research coverage by Randy Scherago
(special situations technology):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M Integrated Device Technology - Strong Buy
31 31/32
(12/28/1999) FY
Risk Ends Symbol Analyst
High 3 IDTI Scherago
Research coverage by David Sturtz
(Internet/technology services):
Disclosure Company & 1/12/00
Footnotes Closing Price Rating
M Appnet Inc. - 50 11/16 Accumulate
M IXL Enterprises - 48 1/2 Strong Buy
M Razorfish Inc. - 87? Accumulate
M Scient Corp. - 72 3/4 Accumulate
(12/28/1999) FY
Risk Ends Symbol Analyst
High APNT Sturtz
High IIXL Sturtz
High RAZF Sturtz
High 3 SCNT Sturtz
Disclosure Key M: Prudential Securities Incorporated makes a primary over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. in the shares of this company. S: Prudential Securities Incorporated acts as a specialist that makes a market in the security of this company. At any given time, the specialist may have a position, either long or short, in the security, and, as a result of the associated specialist's function as a market maker, such specialist may be on the opposite side of orders executed on the floor of a national securities exchange. U: Prudential Securities Incorporated and/or its affiliates and its subsidiaries have managed or comanaged a public offering of securities for this company. |
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