Hi Rande, there is a significant amount of expectation in the fledgling Atlanta internet/venture capital community for this stock. I couldn't find any news on Friday's move, but this could explain Tuesday's:
IXL rises on initiation, DLJ notes
Analysts say 'Net consultant attracting more business
By Sam Ames, CBS MarketWatch
Last Update: 4:41 PM ET Sep 7, 1999 NewsWatchATLANTA, (CBS.MW)-- Shares of iXL rose 14 percent Tuesday after an initiation by Robinson Humphrey and positive notes from Donaldson, Lufkin and Jenrette that said the company was generating business ahead of expectations.
Robinson Humphrey started coverage of iXL at a "near-term, long-term buy."
Analysts Jamie Kiggen and Cathy Watters said iXL (IIXL: news, msgs) is "tracking well ahead of expectations." The Atlanta-based company offers a range of services which include strategy, marketing, and information technology that provide strategic solutions to companies who seek a greater presence on the Internet. The company competes with USWeb (USWB: news, msgs) and Scient (SCNT: news, msgs) in this sector.
Shares of iXL closed up 3 5/8 at 28 5/8 on Tuesday.
The analysts further stated that "iXL has continued to see an acceleration in the size and scope of client engagements, particularly in financial services, telecommunications, and retail companies. We look for iXL to experience continued momentum as enterprises ramp up their e-commerce spending in preparation for the seasonally strong holiday period."
Alfred Leach, iXl's senior vice president of corporate communications, told CBS.MarketWatch.com that the company is unaware of any reason that would explain the rise in iXL's stock, and added that the company has made no significant announcements today.
IXL rises on initiation, DLJ notes
Analysts say 'Net consultant attracting more business
By Sam Ames, CBS MarketWatch
Last Update: 4:41 PM ET Sep 7, 1999 NewsWatchATLANTA, (CBS.MW)-- Shares of iXL rose 14 percent Tuesday after an initiation by Robinson Humphrey and positive notes from Donaldson, Lufkin and Jenrette that said the company was generating business ahead of expectations.
Robinson Humphrey started coverage of iXL at a "near-term, long-term buy."
Analysts Jamie Kiggen and Cathy Watters said iXL (IIXL: news, msgs) is "tracking well ahead of expectations." The Atlanta-based company offers a range of services which include strategy, marketing, and information technology that provide strategic solutions to companies who seek a greater presence on the Internet. The company competes with USWeb (USWB: news, msgs) and Scient (SCNT: news, msgs) in this sector.
Shares of iXL closed up 3 5/8 at 28 5/8 on Tuesday.
The analysts further stated that "iXL has continued to see an acceleration in the size and scope of client engagements, particularly in financial services, telecommunications, and retail companies. We look for iXL to experience continued momentum as enterprises ramp up their e-commerce spending in preparation for the seasonally strong holiday period."
Alfred Leach, iXl's senior vice president of corporate communications, told CBS.MarketWatch.com that the company is unaware of any reason that would explain the rise in iXL's stock, and added that the company has made no significant announcements today.
BTW, I heard a report on NPR this morning on fuel cells. The focus was on computer companies who needed absolute reliability from their power source. Seems quite a few are converting to fuel cell systems. Also they discussed the potential for cars over the next ten years. I believe the two main players are Ballard (BLDP) and ERC. Ballard has the backing of about every major auto manufacturer. There are also other co's that are more geared to replacing power plants. About a year ago I was following the Yahoo BLDP and ERC threads. There were some real knowledgable people there...not sure if they're still around. This could be a phenomenal industry. I for one would sure like to trade out Atlanta's polluted skies for blue ones.
Julie |
