NEW YORK, Aug. 22, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Investrend affiliate Fundamental Research Corp. has released an 8-page second quarter update on Datec Group Ltd. (TSE:DGL), reiterating a "Buy" rating and a fair value of $1.40.
The full report, including important disclosures, is available free at: (www.fundamentalresearchcorp.com) and (www.investrendresearch.com).
According to the analyst, Brian Tang, CFA, the company had mixed results with revenue and gross margin growth offset by increased operating costs. The report notes that the company is still confident it can meet Fundamental's expectations, and Fundamental is in the process of obtaining more specific information on DGL's outlook for revenues and costs.
Fundamental Research Corp. is an affiliate of Investrend Research and a member of the FIRST Research Consortium and both subscribe to the "Standards for Independent Research Providers." The subject company has paid a research fee not exceeding $25,000 upfront.
Complete information about this company is available at the company's InvestorPower page at: (http://www.investrend.com/company/list.asp?sPathParam=yes) and the full report is available at: (http://www.fundamentalresearchcorp.com/PDF/dglq22004.pdf) and (www.investrendresearch.com). Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Datec Group research should email: (contact@investrend.com) and (distribution@fundamentalresearchcorp.com) with "DGL" in the subject line.