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Technology Stocks : Open Market (OMKT)

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To: Frank Ferrari who wrote (1849)	12/11/1999 3:30:00 PM
From: SBerglowe	of 2004

Paine Weber analyst raises price target to $80!! December 08, 1999 14:29 PaineWebber Rockets Open Market Target To $80 From $35 (OMKT) (NewsTraders.com)-- Open Market Inc. (OMKT) had its price target rocketed to $80 from $35 this afternoon by PaineWebber Inc. analyst James Preissler, who reiterated a "buy" rating on the stock. Open Market held an analyst day Tuesday, which left Preissler with more confidence in the company's visibility and opportunity in 2000. "We believe OMKT's combined product suite strategy and open, scalable architecture is the outsourced packaged product clients are looking for to power their Web sites," Preissler said in a research note. Furthermore, the analyst said Open Market is seeing a "robust business environment" with an increased backlog, and anecdotal information from clients and system integrators appear to forecast a strong first half of 2000. Shares of the Burlington, Mass.-based Internet software company recently changed hands higher by $0.97 at $47.44. Copyright 1999 NewsTraders Inc. All Rights Reserved 15:05 Wednesday, December 08, 1999

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