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Technology Stocks : Concentric Network Corporation (CNCX)

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To: Platter who wrote (300)10/6/1999 12:24:00 PM
From: Platter  Read Replies (1) of 377
 
Concentric Network (CNCX): Reiterate
Analyst: Mark Basham
Comments: Co. agrees to acquire 9 Net Avenue, which among hottest emerging web hosting firms... Acquisition fortifies CNCX's accelerating growth in web hosting services, already bolstered by last month's purchase of U.K.'s Internet Technology Group... 9 Net brings substantial direct sales, marketing capabilities to combination... CNCX current valuation more like a second tier ISP, not a leading hosting services co... Pounding the table on this one... Have $50 target for CNCX, for greater than 150% gain over next 12 months.
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