Rosetta Stone Version 4 Released Today

Rosetta Stone, Inc. (NYSE: RST) hosted its first investor day since its IPO in April 2009 to coincide with the launch of Version 4 TOTALe (scheduled to launch on 9/14), a meeting that was a positive experience and Piper Jaffray sees rapidly growing institutional and international business for the company.

Piper Jaffray makes no changes to estimates but expects a softer second half to 2010 due to Version 4 launch costs and higher media/advertising costs, Piper Jaffray reports.

According to Piper Jaffray, revenues for Rosetta Stone currently consist of education (54%), government (28%), corporate (15%) and non-profits (3%), and subscription based business accounts for over 70% of revenues.

Piper Jaffray remains Neutral and maintains its $18 price target.

Rosetta Stone, Inc. closed yesterday at $19.71.

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