Robertson Stephens Reiterates Buy Rating on NTPA.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 19, 1999--
Robertson Stephens Senior eCommerce Analyst Rick Juarez today reiterated his Buy rating on Netopia, 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 :NTPA NTPA National Tractor Pull Association
NTPA New Trades Processing Architecture
NTPA Naval Technical Proficiency Assist ). The company, headquartered in Alameda, Calif., provides Internet and eCommerce infrastructure, which enables small to medium sized businesses to easily and cost-effectively access the Internet, establish a Web presence and conduct business and electronic commerce on the Web.
"We are reiterating our Buy rating on Netopia, following the company's announcement that it has been selected by Cendant to provide more than 4,500 Web-sites for their Travel Lodge, Days Inn, Ramada ra·ma·da
n. Southwestern U.S.
a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade.
b. An open porch or breezeway.
2. and Howard Johnson properties."
"Additionally, the company may be used by Cendant's access partner CAIS CAIS - Common APSE Interface Specification to provide CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises.
CPE - Customer Premises Equipment equipment which could provide additional upside to Netopia," said Juarez. "Cendant's selection of Netopia, coupled with Netopia's recent selection by Citigroup to be a preferred vendor on their newly launched "bizzed.com" small business portal, demonstrates the strength in company's hosting and hosted offering."
"We are maintaining our estimates pending further discussions with management and reiterate our 12-month price target of $55, based on 10 times 2000 revenues," said Juarez.
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
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