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Technology Stocks : Fogdog, Inc. (FOGD)

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To: Tom Clarke who wrote (22)1/3/2000 12:53:00 PM
From: Dorine Essey  Read Replies (3) of 46
 
Where is everyone? Isn't this what you have all been waiting for?

Dorine

RESEARCH ALERT- Fogdog started at buy by JP Morgan
NEW YORK, Jan 3 (Reuters) - J.P. Morgan Securities Inc. has initiated research coverage of online sporting goods retailer Fogdog Inc. (NASDAQ: FOGD) with a buy rating and a 12-month price target of $25.

-- Revenues are expected to be $5.8 million in 1999 and $31.2 million in 2000.

-- Advantages for Fogdog include becoming an early leading sporting goods electronic commerce retailer, and its strategic partnerships with industry giants.

-- Shares of Fogdog were up 5-1/2 at 15 in trade on the Nasdaq stock market.
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