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The Web Comes to Business Software - The Rise of eBusiness

             Eric Upin Talks at the BancBoston Robertson Stephens
                     Investing in Innovations Conference

    SAN FRANCISCO, Aug. 3 /PRNewswire/ -- The following is being issued by
BancBoston Robertson Stephens:

    Eric Upin, managing director and senior eBusiness software applications
analyst at BancBoston Robertson Stephens, addressed an audience of over 200
institutional investors at the investment bank's annual Investing in
Innovations conference in San Francisco, Calif.  In his presentation, Upin
advised:
    -- We are in the midst of a major platform shift to Web architecture,
       which we believe is more than a platform shift, but an applications
       shift as well
    -- As a result we are seeing new players with new kinds of business
       solutions, targeting larger populations and larger markets than ever
       seen before
    -- We see the Web serving as both a driver and an enabler of demand,
       culminating in a huge investment cycle of wealth creation
    -- The shift toward Web architecture is creating multiple outcomes: new
       user populations, new partnerships, new pricing and business models,
       new implementation and delivery and new applications
    -- This focus now shifts to a new class of Web-based eBusiness
       applications from financials, manufacturing and payroll to customer
       services, commerce, delivery, analytics, and portals
    -- As a result, we are seeing a major market opportunity where
       applications no longer simply support the business, they are the
       business

    Clients interested in receiving more information should contact their
salesperson at 415-781-9700.
    BancBoston Robertson Stephens, the section 20 subsidiary of BankBoston
(NYSE: BKB), is a leading international investment bank focused on growth
companies in the technology, life sciences and healthcare, information and
business services, retail and consumer products, real estate, media,
telecommunications, broadcasting, and gaming and lodging sectors. The firm's
45 equity research analysts cover nearly 700 companies. Since its founding in
1978, BancBoston Robertson Stephens has raised over $52 billion in initial
public offerings, follow-ons and convertible offerings. The firm has also
assisted in over 400 mergers and acquisitions transactions valued at more than
$77 billion. BancBoston Robertson Stephens began its high yield securities
business in February 1997 and since that time has completed 69 transactions,
including 15 lead transactions, raising more than $12.6 billion. BancBoston
Robertson Stephens has offices in San Francisco, New York, Menlo Park, Boston,
Chicago, London and Tel Aviv.
    The following synopsis is qualified in its entirety by the more detailed
information contained in the full research report, including the discussion of
certain risks associated with an investment in this security contained in
"Investment Risks."
    The information contained herein is not a complete analysis of every
material fact respecting any company, industry or security.  Although opinions
and estimates expressed herein reflect the current judgment of BancBoston
Robertson Stephens, the information upon which such opinions and estimates are
based is not necessarily updated on a regular basis; when it is, the date of
the change in estimate will be noted.  In addition, opinions and estimates are
subject to change without notice.  This Report contains forward-looking
statements, which involve risks and uncertainties.  Actual results may differ
significantly from the results described in the forward-looking statements.
Factors that might cause such a difference include, but are not limited to,
those discussed in "Investment Risks."  BancBoston Robertson Stephens from
time to time performs corporate finance or other services for some companies
described herein and may occasionally possess material, nonpublic information
regarding such companies.  This information is not used in the preparation of
the opinions and estimates herein.  While the information contained in this
Report and the opinions contained herein are based on sources believed to be
reliable, BancBoston Robertson Stephens has not independently verified the
facts, assumptions and estimates contained in this Report.  Accordingly, no
representation or warranty, expressed or implied, is made as to, and no
reliance should be placed on, the fairness, accuracy, completeness or
correctness of the information and opinions contained in this Report.
BancBoston Robertson Stephens, its managing directors, its affiliates, and/or
its employees may have an interest in the securities of the issue(s) described
and may make purchases or sales while this report is in circulation.
BancBoston Robertson Stephens International Ltd. is regulated by the
Securities and Futures Authority in the United Kingdom.  This publication is
not meant for private customers.  The securities discussed herein are not FDIC
insured, are not deposits or other obligations or guarantees of BankBoston
N.A., and are subject to investment risk, including possible loss of any
principal amount invested.


SOURCE BancBoston Robertson Stephens




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