SOURCE: CreditPointe, Inc.
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April 11, 2006 11:00 ET
CreditPointe Initiates Credit Risk Coverage for the Semiconductor Industry
Consistent With Its Industry Focused Strategy: CreditPointe Announces the Availability of Its Credit Risk Insight™ Products for the Semiconductor Industry
WESTWOOD, MA -- (MARKET WIRE) -- April 11, 2006 -- CreditPointe, Inc., announced today its
initiation of coverage on all companies in the semiconductor industry,
listed in the U.S. exchanges and filing with the U.S. Securities and
Exchange Commission. The company also announced the availability of its
credit risk insight product both at the company and industry level for the
semiconductor industry. The company analysis will be made available
within hours of an earnings release or filing while the industry analysis
will be updated quarterly.
"We are independent in our coverage and intend to cover every public
company around the globe. We intend not to drop coverage of a company once
we initiate analysis. Our strategy to initiate coverage on an industry by
industry basis reflects our desire to develop in-depth understanding of a
given industry. We are pleased at the depth and quality of our coverage in
the semiconductor industry," commented Dr. Venkat Srinivasan, the company's
CEO.
CreditPointe is focused to provide Corporations around the world with
best-in-class credit analysis services on a cost-effective basis. The
company has a dedicated team of analysts who monitor companies'
creditworthiness and aim to provide significant insight to assist in the
evaluation of these companies whether as a customer or supplier. The
company leverages a unique set of knowledge-based technologies to offer
timely and
cost-effective coverage to its customers.
"We now have a dedicated team that is covering the semiconductor industry.
We have identified the industry's idiosyncratic characteristics and modeled
them into our industry-specific credit risk rating models. In the coming
months, we will further refine our understanding of the companies and the
factors that drive performance in the industry through on-going in-depth
discussions with many of the companies in the industry," said John LaRocca,
SVP of Marketing and Business Development.
About CreditPointe, Inc.
CreditPointe, Inc., is a private company specializing in providing business
credit and supplier risk analysis products and services. An experienced
team of credit industry veterans led by Dr. Venkat Srinivasan launched
CreditPointe Inc., to address the growing need to provide corporations and
financial institutions with timely, cost effective, thorough business
credit risk analysis services on companies around the globe. CreditPointe
is a subsidiary of Rage Holdings, LLC, a business incubator focused on
incubating capital efficient, process-aware businesses. To learn more
about CreditPointe, visit www.creditpointe.com.