פתחים סמויים מהעין

06:33  SMMX SYMYX Tech started with a Buy at Deutsche Bank; tgt $33 (27.22 ) Deutsche Bank initiates SMMX with a Buy and tgt of $33. Firm believes the co can deliver 38% compound earnings growth through 2008. They see further upside if the co succeeds in establishing itself as the dominant supplier of software for experiment and research project mgmt. Firm also believes an additional wild card is the co's stake in Ilypsa, a biotech firm focused on non-absorbed polymeric drugs.

06:29  EPAY Bottomline Tech started with a Buy at Stanford; tgt $18 (11.93 ) Stanford initiates EPAY with a Buy and tgt of $18. Firm believes substantial opportunities lie ahead for EPAY and the co is very well positioned to reap substantial benefits from two notable drivers over the next few years. They think the mandatory BACSTEL-IP payment system migration in the UK represents an enormous mkt opportunity for the co. Also, firm believes the co's Legal eXchange will generate accelerating rev growth as the product gains traction in the mkt.

06:27  OSTK Overstock.com started with a Buy at Stanford; tgt $64 (52.53 ) Stanford initiates OSTK with a Buy and tgt of $64 saying the co, one of the leading online commerce cos, has been growing revs at +80% since becoming a public co in 2002. Firm believes its rev growth, margin expansion opportunities and its brand equity are under appreciated. They think OSTK will continue to rapidly grow its revs, becoming and being recognized as a preeminent shopping destination on the web.

09:09  NVTL Novatel Wireless: Would be aggressive buyers at current levels; $19 tgt - JP Morgan (10.90 )
JP Morgan out positive on NVTL after Vodafone issued a press release announcing the presentation of its "At Home" service at CeBit 2005, scheduled to begin March 10th in Germany, as the service appears to be centered around the NVTL Ovation module. The desktop module plugs into a PC or laptop in the home or S.O.H.O., providing high-speed U.M.T.S. internet access and can replace a landline telephone as one bundled service. Firm views the announcement as an incremental positive for NVTL and believes the stock's recent sell-off has been unjustified. NVTL is their Focus List pick with $19 price tgt