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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (63009)9/24/1999 10:46:00 AM
From: Connor26  Read Replies (3) of 120523
 
CMGI

Friday September 24, 10:20 am Eastern Time
RESEARCH ALERT - First Albany ups CMGI
NEW YORK, Sept 24 (Reuters) - First Albany said it raised its rating on CGMI Inc. to buy from accumulate and raised its target price to $200 a share from $125.

-- Its acquisition of AltaVista is expected to close in the next few weeks. First Albany expects an IPO in the first half of next year.

-- Expects IPOs on at least 12 to 15 companies within CGMI in the next 12 to 18 months.

-- Expects fiscal Q4 earnings at $4.03 a share on revenues of $51.7 million
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