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Strategies & Market Trends : Trader J's Inner Circle
NVDA 199.04+5.7%Nov 10 3:59 PM EST

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To: Canuck Dave who wrote (22732)11/10/1999 1:41:00 PM
From: art slott   of 56532
 
This looks good for a short trade. Up over 1 $ billion today on less than 1 million revenue from C&W deal.
Trades at over 5 xs competitor Wgat. WebTV has 800k subs and still a money loser.

CHICAGO, Nov 10 (Reuters) - Dain Rauscher Wessels said in a research note Wednesday it is initiating coverage of Internet access software provider Liberate Technologies with a buy rating.

-- Dain Rauscher Wessels said it believes San Carlos, Calif.-based Liberate's set-top boxes, which provide Internet access through television sets, will be favored as an alternative to Microsoft Corp.'s (NASDAQ: MSFT) WebTV product.

-- Dain Rauscher Wessels is setting its fiscal 2000 year- end price target of Liberate at $94.

-- "While Liberate is not yet profitable, it has already established relationships with several large technology vendors and has a strong initial customer base," Dain Rauscher Wessels said in the research note.

-- Liberate shares were up 20-1/8 at 98-5/8 in midday trade on Nasdaq.

-- Liberate makes software that allows consumers to access the Internet via non-PC devices such as palm-top computers, game consoles, set-top boxes and smart phones.


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