WR Hambrecht + Co Initiates Coverage of E.piphany (EPNY) With a Buy Rating And $25 Target
SAN FRANCISCO, June 12 -- WR Hambrecht + Co today initiated
research coverage on E.piphany (Nasdaq: EPNY) with a Buy rating and a
$25 target. WR Hambrecht`s Business Applications analyst Rich Petersen cites
the market opportunity in customer relationship management (CRM) software and
the competitive advantages of E.piphany`s products as key reasons for the
rating. WR Hambrecht + Co offers all its research reports free and real time
at http://www.wrhambrecht.com.
"We believe E.piphany is the best-of-breed rapid innovator, with the
strongest competitive advantages in product, selling strategy and client base.
We view the firm as the number one ranked contender in CRM today," Petersen
said.
WR Hambrecht + Co estimates E.piphany post revenues of $157.9 million in
2001 and $224.8 million in 2002, turning a profit in Q2:02. The firm had
revenues of $127 million in 2000.
E.piphany, Inc. develops, markets and sells the E.piphany E.5 System, an
integrated suite of customer relationship management (CRM) software solutions.
About WR Hambrecht + Co
WR Hambrecht + Co (http://www.wrhambrecht.com) is a financial services firm
committed to using the Internet and auction process to provide openness,
fairness and access for investors, as well as fair pricing for issuers. The
firm`s earliest and best-known innovations are OpenIPO, an auction-based model
for initial public offerings, and OpenBook, an auction for corporate debt
offerings. WR Hambrecht + Co provides underwriting and advisory services for
technology and emerging growth companies, as well as equity research, sales
and trading, electronic brokerage and private equity offerings for
institutions and individuals. WR Hambrecht + Co has offices in San Francisco,
New York, Boston, Philadelphia and Seattle and is backed by industry leaders
including: American Century, American Express, Crimson Ventures, epartners,
Fidelity Ventures, Instinet Corporation, Novell, Park Avenue Equity Partners,
LP, Scudder Technology Fund, Kemper Technology Fund and Texas Pacific Group.
WR Hambrecht + Co. is a member of the National Association of Securities
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CONTACT:
David Eckstein
WR Hambrecht + Co.
415-551-3128
deckstein@wrhambrecht.com
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