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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: Susan G who wrote (1616)8/18/1999 12:01:00 AM
From: stockman_scott  Read Replies (1) of 2908
 
Here is something interesting that I just picked up in a Hambrecht and Quist report that was released on 8/16/99....

They felt Engage was trading at quite a rich multiple and issued a Buy rating in what seemed like quite a cautionary way. Here is a comparison that caught my attention:

<<Engage is trading at 34 * projected CY00 Revenues

NETP is trading at 14 * projected CY00 Revenues......Net Perceptions is the leading supplier of personalized, suggestive selling software.>>

Hmmmm.....from H & Q's report it would seem that NETP is significantly undervalued. That's what some of us have said all along <G>. IMO, it should be trading at at least $30 now......last time I checked it was growing as fast as Engage. In fact I believe Wit Capital still has a 6-12 month price target on NETP that's around $40/share. It's only a matter of time before this stock is really discovered. Some of the big buying seems to have kicked in late in the trading session today. It will be interesting to see how NETP performs in the weeks ahead. I would not consider selling any more shares before we are more than 100% higher. This stock is Undervalued with a capital "U"..!!

Best Regards,

Scott
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