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Reuters: Salomon starts Magic at 1-H

“Salomon Smith Barney initiated coverage on Magic Software
Enterprises with a 1-H rating and a $40 price target, according to
a report released on Wednesday.”

“Magic “is expected to continue to maintain close to 50 percent
revenue growth for the next three years, driven by sales of CRM
(Customer Relationship Management) and e-business applications,”
analysts Victor Halpert and Neil Herman wrote in the research
note.”

“… the company in the first quarter of 2000 was one of the
first to introduce software development tools for the Linux
platform.”


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