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| WR Hambrecht + Co Initiates Coverage of Tekelec (TKLC)
With Market Outperform And Target of $60
SAN FRANCISCO, Feb. 28 -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040: WR Hambrecht + Co, the online investment bank, today initiated research coverage on Tekelec (Nasdaq: TKLC) with a Market Outperform, the firm's highest rating, and a $60 price target. In his research report, WR Hambrecht + Co's eNetwork Infrastructure analyst Tim Savageaux cited Tekelec's attractive business model and revenue multiples well below its peer group as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com. ``We believe Tekelec represents a reasonably-valued investment vehicle for investors to gain exposure to what may be the most prominent trend in communications infrastructure in 2000, namely the convergence of carrier voice and data networks and the migration of voice services from a circuit-based infrastructure to a cell/packet based infrastructure,'' Savageaux said. The report projects Tekelec's revenues will increase from $226.1 million in 1999 to $312.5 million in 2000 and $411.6 million in 2001. Tekelec designs, manufactures, and markets innovative switching solutions and diagnostic systems for the global communications marketplace. |
InvestorGuide.com Signs Licensing Agreement with E*Trade
for Investor Education ARLINGTON, VA - February 24, 2000 -- InvestorGuide.com, the leading online guide to investing and personal finance, today announced that it has signed a licensing agreement with E*TRADE Group, Inc. (Nasdaq: EGRP), a global leader in online personal financial services. Under the arrangement, InvestorGuide.com http://www.investorguide.com will license InvestorWords http://www.investorwords.com/licensing.htm, the Internet's most comprehensive online financial glossary, to E*TRADE, thereby providing E*TRADE customers and site visitors with complete and customized access to this powerful educational resource. InvestorGuide.com currently licenses InvestorWords to more than three dozen high-quality financial websites. This arrangement will complement E*TRADE's current suite of online trading tools and resources, increasing its ability to enable its self-directed customers and site visitors to realize their financial goals. "This is an exciting opportunity for InvestorGuide.com, especially because we have developed a relationship with an industry leader whose core philosophy mirrors our own," says Thomas Murcko, CEO of InvestorGuide.com. "Like E*TRADE, we pride ourselves on our mission of empowering individual investors with the tools and resources they need to take control of their investing decisions. The InvestorWords licensing arrangement fits perfectly within this common mission." InvestorGuide.com's strategy of licensing its content increases its brand awareness and customer reach to the company's entire suite of websites, and provides its licensees with a fully customizable glossary and other content to offer to their own visitors. InvestorWords includes over 5,000 investing terms with over 15,000 links between related terms, allowing for quick and easy navigation.
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