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Get Four
|  | FEBRUARY 16, 2005
 WORD ON THE STREET Bear Stearns Upgrades WebMethods Analyst John DeFucci sees increased momentum in integration software and improved stability in the integration software maker's salesforce Bear Stearns upgrades WebMethods (WEBME ) to outperform from peer perform. Yesterday the company restated its results for fiscal 2004 through the first-quarter of fiscal 2005. Analyst John DeFucci says that after an internal investigation and earnings per share restatement, issues appear minor and isolated to the Japan unit. He says the company is positioned well to achieve consistent profitability. He sees increased momentum in integration software, improved stability in salesforce. DeFucci notes strengthening SI channel, compelling product cycle, seasonal strength in fourth-quarter, and expense control. He says the company is an attractive takeover target. He has an $8.75 target. He widens his 12 cents fiscal 2005 (ending March) loss estimate to a 13-cent loss and ups his 10 cents fiscal 2006 earnings per share estimate to 11 cents.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
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