Robertson Stephens Initiates Coverage on Several Companies

Strategic Insights -

Robertson Stephens, a leading full-service investment bank, has initiated coverage on several companies in various sectors, including technology, gaming, and lodging. The bank's analysts have given their ratings and forecasts for these companies, citing factors such as their unique market positions, competitive advantages, and growth prospects.

Key Takeaways:

  • Trintech Corporation (Nasdaq: TTPA) has been initiated with a Buy rating, citing its first-to-market vendor status of physical and virtual world electronic payment solutions and infrastructure.
  • AU-System (Stockholm Stock Exchange: AUS SS) has been initiated with a Buy rating, citing its leading position in the wireless Internet market with a full range of consultancy services.
  • Level 3 Communications, Inc. (Nasdaq: LVLT) has been upgraded to a Strong Buy, citing its potential to be a primary beneficiary of the exploding global demand for bandwidth.
  • Gauss Interprise AG (Neuer Markt: GSO) has been upgraded to Buy, citing its leadership position in its domestic market driven by first-mover advantage and the acquisition of Magellan Software, Inc.
  • Sycamore Networks (Nasdaq: SCMR) has had its fiscal 2001 estimate increased, citing impressive fourth-quarter financial results.
  • OmniVision Technologies (Nasdaq: OVTI) has had its fiscal 2001 and 2002 estimates increased, citing strong first-quarter financial results and a market position.
  • CheckFree Corp. (Nasdaq: CKFR) has had its fiscal 2001 and 2002 estimates revised, citing the company's prospects for success in the e-billing and presentment landscape.
  • Tetra Tech, Inc. (Nasdaq: WATR) has been upgraded to Strong Buy, citing its new watershed management contracts and the potential value of its wireless operations.
  • Mandalay Resort Group (NYSE: MBG) has a Buy rating, citing exceptional demand and pricing power, with a 6-12 month price target of $35.

Statistics:

  • Trintech Corporation (Nasdaq: TTPA) has a Buy rating with a price target of $23.13.
  • AU-System (Stockholm Stock Exchange: AUS SS) has a Buy rating with a price target of SEK57.50.
  • Level 3 Communications, Inc. (Nasdaq: LVLT) has been upgraded to a Strong Buy with a price target of $73.69.
  • Gauss Interprise AG (Neuer Markt: GSO) has been upgraded to Buy with a price target of EUR 13.16.
  • Sycamore Networks (Nasdaq: SCMR) has had its fiscal 2001 estimate increased to $0.22.
  • OmniVision Technologies (Nasdaq: OVTI) has had its fiscal 2001 and 2002 estimates increased to $0.36 and $0.48, respectively.
  • CheckFree Corp. (Nasdaq: CKFR) has had its fiscal 2001 and 2002 estimates revised to ($0.40) and ($0.09), respectively.
  • Tetra Tech, Inc. (Nasdaq: WATR) has been awarded $30 million in new watershed management contracts.
  • Mandalay Resort Group (NYSE: MBG) has a 6-12 month price target of $35.

Sources:

  • Robertson Stephens Report, August 24, 2000
  • Trintech Corporation (Nasdaq: TTPA) Press Release
  • AU-System (Stockholm Stock Exchange: AUS SS) Press Release
  • Level 3 Communications, Inc. (Nasdaq: LVLT) Press Release
  • Gauss Interprise AG (Neuer Markt: GSO) Press Release
  • Sycamore Networks (Nasdaq: SCMR) Press Release
  • OmniVision Technologies (Nasdaq: OVTI) Press Release
  • CheckFree Corp. (Nasdaq: CKFR) Press Release
  • Tetra Tech, Inc. (Nasdaq: WATR) Press Release
  • Mandalay Resort Group (NYSE: MBG) Press Release