Synquest ? Keiner antwortet mir ? - 500 Beiträge pro Seite

[AudiA4]

Habe eben unter Synquest versucht, im Board Hilfe zu bekommen. Scheint wohl keiner zu kennen, das Ding !
Vieleicht kommt noch was mit diesem 2. Versuch. Ich muß allerdings jetzt raus aus dem Büro und hoffe morgen früh irgendwelche Tipps von Euch im Board vorzufinden.

[jonib]

Hallo A4

Hab soeben diese Empfehlung gefunden!SynQuest - Strong Buy
WKN: 940951 SYNQUEST INC.DL-,01 Wit Capital Corporation 19.09.2000

Initiating Coverage

SynQuest – Strong Buy


Die Analysten von Wit Capital raten zum Kauf der SynQuest-Aktien mit einem Kursziel von $ 30.


We are initiating coverage of SynQuest with a strong buy rating. SynQuest’ s supply chain applications deliver financial and operational optimization throughout the extended value chain – customers to suppliers. We believe the secular trend of Internet enabled commerce for production (direct) goods will drive rapid revenue growth for SynQuest. We believe SynQuest should be a core B2B infrastructure holding for both large and small cap investors. Our $30 price target offers significant appreciation from current levels.

SynQuest – Strong Buy

· Supply chain applications focused on cost-based, revenue optimization vs. i2’ s broader focus on cost reduction. SynQuest’ s unique modules, actually, compliment i2 in large scale projects.

· Rapid ROI for customers through increased revenues, faster order fulfillment, increased inventory turns and decreased COGS.

· B2B adoption and custom-ordered-goods driving demand for underpenetrated supply chain market

· $30 price target assumes a significant multiple discount, at least 36%, to current multiples of comparable B2B infrastructure stocks.

Stock Summary

What does SynQuest do? SynQuest answers questions asked by every organization, “Which product should we sell to make the most money?” SynQuest’ s supply chain applications optimize the financial and operational performance throughout the value chain (internal, customers, and suppliers). By leveraging the Internet, SynQuest’ s supply chain planning modules integrate internal execution applications, supplier, and customer information to develop a real-time fulfillment plan based on lowest total delivered cost or greatest profit. This enables SynQuest’ s customers to analyze each customer order from sourcing the materials required, through the manufacturing, distribution, and transportation processes to determine profit margins on each order. The information from the planning process is shared with suppliers as well as customers to achieve full collaboration throughout the supply chain to create maximum efficiencies.

What does Gartner say? “In the world of e-business, enterprises’ continued profitability requires closer connection with suppliers and customers along with ability to invent new business models to meet customers’ unique demands. Enterprises need the agility to change how the do business on the fly. E business means that enterprises must fundamentally rethink their processes and organizations. Supply chain management represents a philosophy of managing technology and processes in such a way that the enterprise optimizes the delivery of goods, services and information. New SCM projects focus as much on external as internal processes, and enterprises measure their success not in efficiency but in how they affect the business financially. “

· Optimizing finances, not operations, will distinguish best-in-class SCM systems through 2005. Optimizing finances will bring SCM to sales, marketing, and finance workers, not just operational planners.

· Gartner has labeled SynQuest’ s solution as a “cost based revenue optimization application.” Valuation SynQuest recently came public at $7 per share and has traded up 40% since its offering. However, we feel the stock has a lot of appreciation left. Our 12-month price target is $30, or 16X our conservative C’ 01 revenue estimates. On a price-to-sales basis, our price target is a little more than half the current multiple of i2 and Commerce One, and almost a quarter of Ariba’ s current multiple.

· Businesses trying to build, or least maintain, competitive advantages. Companies are increasingly fighting rapid commoditization of their products. Their customers are looking for custom ordered goods; time-to-market with a new product is critical. More companies are outsourcing their manufacturing processes, and more companies are selling their wares via the Web. This is driving the need for more control and coordination within their extended supply chain.

· Organizations shifting their purchases to the Web to reduce costs.

· In 1999 according to AMR, US companies spent $9 trillion for direct materials (Cost of Goods Sold, goods that are resold or go into the production process) and $2.5 trillion for indirect goods (S,G,&A). For the average company, COGS accounted for 63% of revenues.

· According Deloitte Consulting, by 2004 corporations expect to save approximately 9% on total spending using B2B e-commerce (with a 29.2% penetration). If organizations saved just 4% on their direct materials costs, companies would save $147 billion dollars.

· Supply chain automation and optimization is the key underpinning technology for integrating supply chains throughout the suppliers’ network. The Opportunity: SynQuest’ s opportunity is enormous.

· The US has approximately 56,000 companies with over $100 million in revenues. According to AMR, 95% of these companies have no supply chain planning applications deployed.

· Giga approximates that, roughly, only 35% of organizations with over $2 billion in revenues have supply chain planning applications deployed. Of this 35%, only 5% have extended their SCP applications into the B2B environment.

· AMR expects the market for supply chain applications will grow from $5.4 billion in 2000 to $25.7 billion by 2004, a 48.8% CAGR.

Products

SynQuest’ s eight supply chain planning modules enable their customers to efficiently and profitably fulfill their customers’ orders. SynQuest’ s solutions bring the supply chain to sales, marketing, and financial functions.

· Supply Chain Design: Helps organization decide how to deploy assets (new manufacturing warehouse facilities, machinery) for the optimal supplier-to-customer infrastructure, based on total cost and responsiveness.

· Inbound Logistics: Determines the lowest total cost for inbound materials for multiple shippers, suppliers and destinations based not only on transportation and freight costs, but also inventory, handling, manufacturing, distribution and labor costs.

· Open Demand: Analyzing historic sales and customer data, this helps companies to have the right product in the right amount at the right time to meet demand.

· Tactical Planning: Facilitates collaborative planning with trading partners to fulfill demand profitability and reliably based supply chain constraints such as cost-to-build, capacity, labor, inventory and lead times.

· Dynamic Sourcing: Generates supply chain wide plans based on internal capacity (manufacturing, distribution, and transportation) data integrated with data from suppliers with regard to inventory levels, pricing, and production capacity for most profitable and efficient order fulfillment.

· Order Promising: Determines a specific order’ s profitability and promised delivery date, in real-time.

· Customer Service: Enables customers to view the status of an order in real-time. Facilitates order changes. · Virtual Production: Links operational planning and execution in real-time while synchronizing order fulfillment. Allowing organizations to make planning adjustments to potential bottlenecks within the supply chain before they occur.

Examples

· HermanMiller used the Virtual Production Engine and Dynamic Sourcing Engine to reduce cycles times to 5 days from 16 days, inventory turns from 15 to 150, and on-time deliveries up to 99.7%. This helped HermanMiller increase profit by 40%.

· Titleist’ s Custom Ball Division used SynQuest’ s Virtual Production Engine to reduce cycle times from 13 days to 3 days while increasing revenue by 30%.

· SynQuest’ s Inbound Logistics Engine was developed with Ford to help deliver the lowest total cost solution for the shipment of every part needed to manufacture a car. Ford plans to use this module as a component of its strategy to lower inventory levels at each work station to less than 2 hours and provide made-to-order cars within 5 days (currently 64 days). “We have worked with SynQuest to develop a landmark solution for the industry. Never before has a logistics planning problem of this complexity been solved, considering the impact of all the variables (sourcing decisions, transportation alternatives, and plant inventory levels),” says Gerald Joyce, Global Logistics Director at Ford.

Partnerships

SynQuest has developed partnerships with several marquee implementation firms such as IBM, Deloitte & Touche, marchFIRST, Arthur Andersen, and Grant Thornton. We expect in the coming months that at least one of these partnerships will be deepened significantly, and there is the possibility SynQuest will announce a few new software/marketplace partnerships that will extend SynQuest’ s market position.

Investment Risks

Competition: i2 is the 800-lb. gorilla in the supply chain planning market and dominates the $2 billion and up market. However, i2 is focused on delivering operational efficiencies throughout the extended supply chain, while SynQuest delivers real-time financial optimization in the extended supply chain. We believe in larger accounts, such as Ford and HermanMiller, SynQuest’ s uniquely focused modules work in compliment with i2 to provide robust supply chain integration and deep e-business transformation solutions.

Customer Concentration: Historically, in any one year a single customer may represent between 10-20% of total revenues. For instance, Ford represented approximately 20% of SynQuest’ s fiscal 2000 total revenues. We believe this concentration will decrease as e-business implementation crosses the chasm from early adopters to mainstream, and demand for supply chain integration solutions accelerates.

Conclusion

We are in the first inning of organizations adopting supply chain solutions to coordinate with their suppliers as well as customers. SynQuest has very unique modules and functionality focused on profit maximization within the extended/integrated supply chain. At current levels, we feel SynQuest provides a great buying opportunity to participate in the growth of B2B e-commerce for direct goods. We rate SynQuest a strong buy with a $30 price target.



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Gruß

jonib

[AudiA4]

Na super, jonib.
Bin froh, daß ich nicht der einzige auf der Welt bin. Leider hab ich nach der Meldung bei 13,70 € eingekauft. Das war nicht ganz so toll.
Bin allerdings sicher, das hier noch einiges geht. Den Kurs in USA hab ich bereits auch gefunden. Ist am 21.09.00 leider zunächst auf 9,5 $ ab gerutscht. Irgendwie ist das in meinem Wackeldepot noch die einzige Aktie, an die ich wirklich glaube.

[AudiA4]

Hey, jonib
hab gar nichts mehr gehört von dir. Bist du eingestiegen bei Synquest? Liegen heute um 18.00 Uhr MEZ mit 12 % im Plus in den USA.
Wurde auch Zeit, nach den letzten schwachen Tagen. Soweit du investiert bist, hoffe ich, du hast einen guten Einstiegskurs erwischt und bist nicht so doof wie ich.
Gruß