SAN DIEGO, July 19, 2004 (PRIMEZONE) -- Sagient Research Systems (OTCBB:SRYS), a leading publisher of independent research for the financial services and institutional investment communities, today announced that its Sagient Technology Group has initiated coverage on the Wireless Services Industry.
Sagient Technology's coverage will initially focus on the Wireless Tower Management companies. Under the direction of senior analyst Michael Rindos, the Sagient Technology Group has constructed a sector wide model that translates subscriber growth to co-location and cell site demand - and how that demand spreads across companies in the sector.
Research offered by the Sagient Technology Group is available to institutional investors only. Interested parties may call 858-200-2392 or e-mail stg@sagientresearch.com.
Company coverage launched today:
Name (Symbol) Rating 12- Month Price
Target
American Tower Corp. (NYSE:AMT) Buy $19.00
Global Signal, Inc. (NYSE:GSL) Sell $15.00
SpectraSite, Inc. (NYSE:SSI) Neutral $44.00
Crown Castle (NYSE:CCI) Neutral $15.00
International
SBA Communications (NASDAQ:SBAC) Neutral $4.50
Coverage of these companies is initiated by Michael J. Rindos, Senior Analyst, Wireless & Mobile Computing. Mr. Rindos has covered the wireless industry for twelve years, the last three of which as an independent research analyst covering the telecom and wireless industries for a number of institutional investors. Prior to forming his own independent research firm, Mr. Rindos served for as Senior Wireless Telecommunications Analyst at UBS Warburg, LLC, where he developed an expertise in wireless tower management, network engineering services, and alternative data networks. Mr. Rindos began his equity research career by serving as an equity analyst covering the telecommunications, retail, apparel, and chemical industries at Value Line, Inc. for four years. Mr. Rindos holds an MBA from Pace University and a BS in Finance from the State University of New York.
About Sagient Research Systems
Sagient Research Systems is a publisher of independent research. We develop, produce, and sell proprietary research products to mutual funds, hedge funds, and investment banks. Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research to the financial services and institutional investment communities. For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.
Safe Harbor Statement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.