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Technology Stocks : Ticketmaster-Citysearch (TMCS)
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To: Stockwizard who wrote (724)9/19/1999 11:23:00 PM
From: bundashus  Read Replies (1) of 803
 
Here is a good report about TMCS

Michael Graham, michael@rsco.com
TICKETMASTER READY TO RISE
We see a disconnect between accelerating business trends and the stock as a function of
pressure from sales of stock, particularly from individuals and companies receiving stock
after selling their companies to Ticketmaster. We believe we are close to the completion of
most of these stock sales. For reference, the stock is down 40.7% from a post-Q2 high of
$40-1/16 on July 19. In our opinion, the company leads in local content by a wide
margin and is just beginning to exploit local commerce opportunities, starting with
tickets and recently local auctions, dating services and more. We view this market as
quite large and view the stock as a core Web franchise.
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