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R I V E R S O F T http://www.sharecast.com/news/scnews1.asp?StoryID=5825 RiverSoft share price set to swell (hold Tuesday, subbed) By Tony Glover Mon 12 Feb 2001 LONDON (SHARECAST) - RiverSoft, a £340m newly-listed UK software company that has carved a unique niche for itself in the US, is winning a series of orders that the City believes will continue to grow its revenues for years to come. Despite a burn rate of £2m a month, City stockbroker UBS Warburg has set a target price of 185p for the stock, even though it has already risen to 142p from 124p when the company had its IPO in December. A deal with £140bn US-based internet networking giant Cisco announced this morning, is one of a series of contracts with companies including Intel and HP that analysts believe will increase the company’s future revenues. Milan Radia, an analyst at UBS Warburg, said, "The Cisco deal will probably bring £300,000 in revenues for 2001, rising to £1m to £2m per year thereafter. But this is set to rise even higher by around 2004 as third-generation mobile phone networks begin to grow." The Cisco contract comprises an exclusive agreement to provide fault management software for Cisco’s next-generation mobile wireless network management systems. RiverSoft specialises in software that plays on corporations’ fears of their communications networks failing. It also provides damage limitation software to corporations such as British Airways and Deutsche Telekom, in the event that their IP network crashes. RiverSoft says its software reduces the time spent identifying a network fault, from days to seconds. Radia said, "There is now terrific potential for RiverSoft’s products among telecoms network operators. The big growth area in this sector is providing high-value data services to corporate customers. It is absolutely vital that these services are robust and reliable and this is what RiverSoft’s products can help ensure’. He added that as they have no direct competitor in the UK - although there is a partial overlap with some of the software provided by UK-founded, US-based, £3bn Micromuse. Before founding RiverSoft in 1997, RiverSoft chairman Philip Tee was chief technical officer at Micromuse. . . . . . . - - - - - Antarius |
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| aus der Diskussion: | [b]JYRA Research Inc. - it`s going on!![/b] |
| Autor (Datum des Eintrages): | Antarius (13.02.01 01:05:13) |
| Beitrag: | 51 von 201 (ID:2894235) |
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