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Reuters: Merill [Lynch] starts [coverage of] Magic Software

Mar 07, 2000, 17:29 (0 Talkback[s])

"Merrill Lynch said in a research report that it had initiated coverage of Israel's Magic Software Enterprises Ltd with a buy recommendation."

" 'Magic has developed a computer language so simple to use that it saves 80%-90% of programming time, over more traditional tools like Oracle's developer 2000 and Progress,' said analyst Tal Liani."

" 'Also, Magic's Linux offering is another source for an upside. All Magic's applications are ready for Linux. It has also recently released the first native Linux development tool."

Press Release