USInternetworking, Buy rating..... - 500 Beiträge pro Seite

[reality]

Robertson Stephens Reiterates Buy Rating on USIX

SAN FRANCISCO, Jan 26, 2000 (BUSINESS WIRE) -- Robertson Stephens
Senior eCommerce Infrastructure Services Analyst Richard Juarez today
reiterated his Buy rating on USinternetworking (Nasdaq: USIX), after the
company reported strong fourth quarter results. The company, based in
Annapolis, Md., is a leading facilities-based Application Service
Provider (ASP) that implements, operates and supports packaged software
applications through the use of Internet and Web-hosting technologies.

"We are reiterating our Buy rating, and our $90 12-month price target
on USinternetworking, after the company reported fourth quarter revenue
of $14.7 million and earnings-per-share of ($0.56), which beat our
estimates by $2.8 million and $0.4, respectively," said Juarez.
"Revenues represented 50 percent sequential growth and a 306 percent
increase over the fourth quarter of 1998."

"We believe growth in the ASP market will be the dominant trend in the
virtual infrastructure provider market for the near future," said
Juarez. "Compression of the company`s sales cycle, from 66 days in the
third quarter to 64 days in the fourth quarter, provides evidence that
outsourcing and ASP trends are accelerating, in our view."

"We are raising our fiscal 2000 revenue estimates to $107.4 million,
and lowering fiscal 2000 and fiscal 2001 earnings-per-share estimates
by $0.03 and $0.08, respectively," said Juarez. "The earnings-per share
estimate decreases are due to projected increases in non-cash
compensation expenses related to employee incentive programs."

Clients interested in receiving more information should contact their
salesperson at 415/781-9700.

Robertson Stephens (www.rsco.com) is the leading full-services
investment bank focused exclusively on growth companies. In 1999, the
firm completed over 230 public offerings and over 40 private offerings,
raising more than $40 billion in capital for clients. In addition, the
firm advised on over 80 M&A transactions in 1999 with an aggregate
value in excess of $50 billion. The firm`s 47 equity research analysts
cover nearly 700 companies. Founded in 1978, Robertson Stephens (Legal
name: FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary
of FleetBoston Financial Corporation (NYSE: FBF) and a member of the
NASD and all major exchanges. Together, Robertson Stephens, Fleetboston
Robertson Stephens International Ltd., and Robertson Stephens Evergreen
Securities Ltd. employ over 1,000 employees worldwide with offices in
Boston, San Francisco, New York, Menlo Park, Chicago, London, and Tel
Aviv.

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above-mentioned securities contained in "Investment Risks."

The information contained herein is not a complete analysis of every
material fact respecting any company, industry or security. Although
opinions and estimates expressed herein reflect the current judgment of
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[highfish]

wenn die zahlen so toll waren, wiso ist denn der kurs um 10% eingebrochen??

CU
highfish