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Technology Stocks : DoubleClick Inc (DCLK)
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To: Frostman who wrote (2863)7/12/2000 12:18:51 PM
From: Platter   of 2902
 
Excerpt from IIonline...

"DoubleClick (NASDAQ: DCLK - Quotes, News, Boards) has been hit pretty hard of late, dropping over 78% year-to-date on fears that the firm's operations will be seriously hampered by possible Internet privacy legislation.

Just this week alone, the stock has dropped $7.63 to $28.31 on reports that advertising rates are falling on the web. This is causing analysts to lower their revenue estimates for the company, and we believe that DoubleClick might have further to fall.

A major reason for this belief is that this potential shortfall will likely push back DoubleClick's profitability date past the third quarter. This put a big chink in the armor of analyst Lanny Baker's case for the stock. However, Baker believes that the shares can eventually regain their high-flyer status at $165 per share. Bold prediction.

SSB is quick to point out that DoubleClick delivers about 2 billion, or 20% of the ads seen on the Internet every day. But this doesn't change the fact that at $28.31 the stock trades at four times sales and 71 times earnings estimates for 2001. Keep your eye on this stock, be we would advise against bottom feeding for the time being."

excerpt from II online and Salomon Smith Barney recently published list of 10 companies which it argues have begun to make the Internet an integral part of their business model "

One of theTop Ten Future Economy picks from SSB

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