Epoch Partners Issues Research Note on Openwave

Apr 19, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners, Inc. today
 announced it has issued a Research Note on Openwave (Nasdaq:   OPWV). The Note
 is available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Matthew Adams, Senior Research Analyst for
 Wireless Data, discusses the current investment thesis of Openwave. Highlights
 from the report include the following:
 
     -- Openwave reported solid March numbers with revenue exceeding
        projections and pro-forma EPS meeting consensus estimates. The company
        kept forward guidance consistent with last quarter's projections, a
        strong sign in this market environment.
     -- Openwave maintained its CY01 targets for revenue of $640 million and
        pro-forma EPS of $0.46. We are raising our CY01 revenue estimate
        slightly, while trimming our EPS estimate.
     -- Openwave's financial performance bodes well for the coming calendar
        year. Therefore, we are upgrading our short-term outlook to Positive
        from Neutral and recommend purchase for momentum players.
     -- Our full note, with detailed analysis of each company, is available
        free at:  www.epoch.com.
 
     Internet Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Aether Systems, Amazon.com, eBay, Handspring,
 InfoSpace, Openwave, Vicinity and Yahoo.
     In addition, investors can be added to the Internet email alert system,
 which alerts investors to new research in the Internet sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochinternet.
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     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.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners, Inc. today
 announced it has issued a Research Note on Openwave (Nasdaq:   OPWV). The Note
 is available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Matthew Adams, Senior Research Analyst for
 Wireless Data, discusses the current investment thesis of Openwave. Highlights
 from the report include the following:
 
     -- Openwave reported solid March numbers with revenue exceeding
        projections and pro-forma EPS meeting consensus estimates. The company
        kept forward guidance consistent with last quarter's projections, a
        strong sign in this market environment.
     -- Openwave maintained its CY01 targets for revenue of $640 million and
        pro-forma EPS of $0.46. We are raising our CY01 revenue estimate
        slightly, while trimming our EPS estimate.
     -- Openwave's financial performance bodes well for the coming calendar
        year. Therefore, we are upgrading our short-term outlook to Positive
        from Neutral and recommend purchase for momentum players.
     -- Our full note, with detailed analysis of each company, is available
        free at:  www.epoch.com.
 
     Internet Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Aether Systems, Amazon.com, eBay, Handspring,
 InfoSpace, Openwave, Vicinity and Yahoo.
     In addition, investors can be added to the Internet email alert system,
 which alerts investors to new research in the Internet sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochinternet.
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     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.
 
 SOURCE  Epoch Partners, Inc.