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Technology Stocks : Data Return Corp. (DRTN)
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To: BeachCrunc who wrote (12)10/29/1999 3:21:00 PM
From: Rock_nj  Read Replies (1) of 178
 
Traders are starting to discover Data Return. Might snap back quickly from post IPO dip.

Here's some positive analyst comments:

Some analysts said they were surprised the stock did not jump even higher. They said the Web hosting sector is hot among investors because of its revenue growth potential.

''The opportunities are tremendous,'' said Michele Pelino, senior analyst with Yankee Group. The pop in Data Return's stock price was based on a rapidly growing market for its Internet hosting services, she said.

''As more and more companies recognize the opportunities that exist online, they recognize that they need an online presence. But they know that they don't necessarily have the in-house capabilities to support it,'' Pelino said. ''So they go to the hosting providers.''
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