Epoch Partners Issues Research Note on Corio, Inc.

Solid Quarter, Tough Environment, Uncertain Outlook



Apr 25, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 25 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on Corio, Inc. (Nasdaq: CRIO). The Note is
 available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Mark Verbeck, Senior Research Analyst for
 Software, discusses the current investment thesis of Corio, Inc.  Highlights
 from the report include the following:
 
     -- Corio managed to trim expenses while exceeding our applications
        management services revenue estimate, but warned that the difficult
        economic environment will precipitate a decline next quarter.
     -- Despite macroeconomic issues, the company continues to effectively
        manage the business.  Days sales outstanding (DSOs) remained low at
        51 days and Corio's applications mix continues to diversify.  The
        company's customer base continues to evolve toward larger, more stable
        customers.  Average monthly revenue per contract increased $10K to
        $40K.
     -- We expect the stock to mark time as Corio weathers turnover in its
        customer base and an unfavorable spending environment.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., MRO Software, Inc., Oracle Corporation and Pivotal
 Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware.
     Epoch Partners has been an underwriting manager or co-manager of Corio,
 Inc. in the last three years.  The analyst(s) involved in the preparation of
 this report has an investment position in the subject security. (CRIO).
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information.  Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies.  The securities discussed
 in the Epoch Partners Research may be unsuitable for investors depending on
 their specific investment objectives and financial situation and needs.  No
 report included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor.  For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.   This
 document has been published in the United States for Residents of the United
 States.  Member NASD/SIPC.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X26265232
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 25 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on Corio, Inc. (Nasdaq: CRIO). The Note is
 available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Mark Verbeck, Senior Research Analyst for
 Software, discusses the current investment thesis of Corio, Inc.  Highlights
 from the report include the following:
 
     -- Corio managed to trim expenses while exceeding our applications
        management services revenue estimate, but warned that the difficult
        economic environment will precipitate a decline next quarter.
     -- Despite macroeconomic issues, the company continues to effectively
        manage the business.  Days sales outstanding (DSOs) remained low at
        51 days and Corio's applications mix continues to diversify.  The
        company's customer base continues to evolve toward larger, more stable
        customers.  Average monthly revenue per contract increased $10K to
        $40K.
     -- We expect the stock to mark time as Corio weathers turnover in its
        customer base and an unfavorable spending environment.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., MRO Software, Inc., Oracle Corporation and Pivotal
 Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware.
     Epoch Partners has been an underwriting manager or co-manager of Corio,
 Inc. in the last three years.  The analyst(s) involved in the preparation of
 this report has an investment position in the subject security. (CRIO).
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information.  Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies.  The securities discussed
 in the Epoch Partners Research may be unsuitable for investors depending on
 their specific investment objectives and financial situation and needs.  No
 report included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor.  For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.   This
 document has been published in the United States for Residents of the United
 States.  Member NASD/SIPC.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X26265232
 
 SOURCE  Epoch Partners, Inc.