SAN DIEGO, July 26, 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 Enterprise Software industry.
Under the direction of senior analyst Kimberly Caughey, the Enterprise Software coverage is formulated from a proprietary methodology that identifies winners and losers based on companies' relative strength in their technology, financial position and marketing expertise. The coverage mix is designed to include large, mid, and small capitalization stocks in this 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 Microsoft Corp. (Nasdaq:MSFT) Buy $40.00 OPNET Technologies. (Nasdaq:OPNT) Buy $20.00 Ansoft Corporation (Nasdaq:ANST) Buy $21.00 Concord Comm. (Nasdaq:CCRD) Neutral $11.00
Coverage of these companies is initiated by Kimberly Caughey, Senior Analyst, Enterprise Software. Ms. Caughey has covered the Enterprise Software market for five years as the Senior Software Analyst at Parker/Hunter, Inc. At Parker/Hunter, Ms. Caughey was ranked as the No. 3 software analyst in 2003 by Starmine/Forbes, and the No. 2 software analyst in 2002 by the Wall Street Journal's "Best of the Street" issue. Ms. Caughey's coverage expertise stems from her extensive industry background. Prior to moving into equity research, she spent a total of thirteen years as a software engineer, analyst, and consultant in the IT space with firms including The Carnegie Group, Inc., NeuralWare, and TSA/Advet. Ms. Caughey holds a B.Sc in Computer Science and Mathematics and an MBA from the University of Pittsburgh.
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.