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
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CONTACT:
David Eckstein
WR Hambrecht + Co.
415-551-3128
deckstein@wrhambrecht.com
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