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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 692.76+0.5%Jan 26 4:00 PM EST

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To: mattie who wrote (24309)11/9/1999 2:18:00 PM
From: Johnny Canuck  Read Replies (2) of 70070
 
To: Gregory Mullineaux (447 )
From: craig crawford
Tuesday, Nov 9 1999 12:38PM ET
Reply # of 449

Tuesday November 9, 12:27 pm Eastern Time

RESEARCH ALERT-VerticalNet at strong buy

NEW YORK, Nov 9 (Reuters) - SG Cowen said Tuesday it started coverage of
VerticalNet Inc. (NasdaqNM:VERT - news), with a strong buy rating and set a $150
target price for its stock.

-- It said analyst Rob Schwartz forecast 2000 revenue growth nearing 200 percent
amid narrowing losses at VerticalNet, which owns and operates 51 Web sites that
promote electronic commerce among businesses.

-- ''Positive near-term catalysts should continue momentum; expect a steady stream of
partnership announcements and acquisitions,'' he said in a research note.

-- ''Transaction revenue is a source of potential upside; model reflects minimal
contributions,'' he said.

-- VerticalNet's stock was up 4-15/16 at 91-15/16.
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