Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Needham Cuts to Hold

From Standard & Poor's Equity Research

Needham downgraded (STMP) to hold from buy.

Analyst Mark May says the recently launched stamp offering from the Dymo/Endicia alliance (called Dymo Stamps) could create disruption for's core service. He says he also does not expect material upside in the near term from the company's PhotoStamps product. As a result of the former, he lowers his 73 cents 2006 earnings per share (EPS) estimate to 72 cents and his 89 cents 2007 estimate to 83 cents. He also assumes a lower valuation multiple. He still views as a compelling play on growth of Internet-enabled business services, but he would stay on the sidelines for now.

blog comments powered by Disqus