Dain Rauscher Wessels Report Says Telematics and Location-Based Services Have the Power to Catalyze Economic Growth
MINNEAPOLIS--April 30, 2001--"We think telematics and location-based services (LBS) can help maintain and even accelerate growth rates in the wireless and network infrastructure markets, with trickle-down benefits to other areas of technology," said Jonathan Lawrence, equity analyst at Dain Rauscher Wessels. Telematics and LBS are an extension of mobile communications, allowing drivers and mobile consumers to connect to, and communicate with, the outside world and vice versa, from virtually anywhere.Some of the relatively new technologies prominently at work in telematics/LBS include:
| -- | Location identification technology; |
| -- | High-speed wireless networks; and |
| -- | Interactive voice recognition technology |
Lawrence recently issued a report, "Telematics and Location-Based Services: Collateralization," which focuses on how telematics and LBS fit into the grander scheme of both technology and consumer end markets.
Institutional investors interested in receiving the 123-page report should contact their Dain Rauscher Wessels salesperson. Media interested in receiving the report should call (612) 371-2239.
Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, includes equity research, equity trading, institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 450 people, has offices in Austin, Texas; Boston; Dallas; Houston; Memphis, Tenn.; Menlo Park, Calif.; Minneapolis; New York City; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a).
Dain Rauscher Corporation, a wholly owned subsidiary of Royal Bank of Canada , is one of the nation's largest full-service securities firms with 1,200 investment executives and 3,800 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis.
Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI, its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
(a) Strategic alliance with Tamir Fishman & Co.