Dain Rauscher Wessels Initiates Coverage of MapInfo Corporation With a Buy Rating
4 January 2001
Dain Rauscher Wessels Initiates Coverage of MapInfo Corporation With a Buy Rating
MINNEAPOLIS--Jan. 4, 2001--Dain Rauscher Wessels equity analyst Jonathan Lawrence today initiated coverage of MapInfo Corp. , $40.50, with a Buy-Aggressive Risk rating. He has a 12-month price target of $55.MapInfo is a leading provider of location based, enterprise software/data products and services that help companies manage resources and customers. The company is using its core product/service portfolio as a platform for growth into emerging telematics/wireless markets.
"MapInfo intends to leverage its products and services by addressing the emerging market for location-based telematics/wireless services," Lawrence said in a report. "The exploding telematics market and the new emergency 911 (E911) regulation are expected to drive strong growth in the next 12-24 months."
Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Lawrence's research report should call (612) 371-7752.
The Dain Rauscher Wessels division 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 more than 400 companies. The division, which employs 425 people, has offices in Atlanta; Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a).
Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 27 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to nonaffiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St.
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.