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Technology Stocks : RAZF--Razorfish...Will this little fishy be a good catch??

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To: keelhaul who wrote (123)11/9/1999 12:57:00 PM
From: Susan G  Read Replies (1) of 258
 
RESEARCH ALERT - Razorfish (NASDAQ:RAZF) targets upped

======================================================================
NEW YORK, Nov 9 (Reuters) - Lehman Brothers raised its
price target of corporate Web site designer Razorfish Inc.
(NASDAQ:RAZF) to $85 from $75, and increased its earnings estimates,
the brokerage firm said on Tuesday.
-- Earnings per share, excluding goodwill amortization and
non-cash compensation charges, are expected to be $0.41 for the
1999, up from $0.27; $0.48 for 2000, up from $0.33; and $0.72
for 2001, up from $0.44.
-- Revenues are expected to be $45 million for Q499, $230
million for 2000 and $347 million for 2001.
-- The buy rating was reiterated.
-- Shares were off 3-3/8 at 69-1/8 in morning trading on
Nasdaq.
859-1860))

Copyright 1999, Reuters News Service
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