Press Release: March 21, 2000

WR Hambrecht + Co Initiates Coverage of Cambridge Technology Partners (CATP) with Market Neutral and Target of $20

IT service bellwether taking a cautious approach to recovery

San Francisco, CA, March 21, 2000—

WR Hambrecht + Co today initiated research coverage on Cambridge Technology Partners (CATP) with a Market Neutral rating and a price target of $20. WR Hambrecht + Co’s eServices analyst Greg Gore cited Cambridge’s strong brand and market presence as investment highlights, but noted employee attrition continues to adversely affect the firm. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

"Cambridge Technology Partners is among the most recognized and revered companies in IT services. The Company has access to key decision-makers at companies worldwide and is invited to bid on many of the largest, most important IT projects. We look forward to its return to glory, but believe it is premature at this time," Gore said.

Gore projects the firm will see revenues of $659 million in 2000, up from $628.1 million in 1999.

Cambridge Technology Partners provides consulting and systems integration service. Major business units include change management, e-Integration, and e-Business.