Markets & Finance

Bear Stearns Starts JDA Software with 'Buy'


Bear Stearns initiates coverage on JDA Software (JDAS

) with buy.

Analyst Edward Wolfe says he thinks the company is well positioned to accelerate growth while improving cash flow profitability and returns. He notes the company is poised to cross-sell new products into its large existing customer base, and has a large market opportunity, as retailers increasingly are replacing in-house developed technology solutions with packaged software applications.

Also, he says the company possesses a broad product footprint and deep industry domain expertise. Wolfe sees $0.87 2002 earnings per share and $1.05 for 2003. He set a $32 target, and thinks the recent pullback is due to jitters among technology investors overall -- not fundamentals at the company.


Later, Baby
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