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Biotech / Medical : MEDQ - Medquist

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To: Mark Peterson CPA who wrote (30)2/2/2000 10:28:00 AM
From: Mark Peterson CPA  Read Replies (1) of 42
 
DLJ upgrades Medquist!

RESEARCH ALERT - DLJ raises MedQuist to top pick

NEW YORK, Feb 2 (Reuters) - Donaldson Lufkin & Jenrette
analyst Steven Halper said Wednesday he raised the rating on
electronic medical transcription service provider MedQuist Inc
<MEDQ.O> to a top pick from buy and the 12-month price target
to $40.
Shares were up 2-1/16 at 23-3/16.
-- said shares are "extremely" undervalued relative to
projected growth in earnings.
-- said slight revenue shortfall in fourth quarter was
possibly due to hospitals deferring acceptances of
transcription reports at the end of 1999 due to Y2K fears.
-- said competitive concerns are unwarranted; the potential
market opportunity is large enough for several participants.
-- said company continues to work on new initiatives to
expand beyond transcription.
-- said company has great cash flow and balance sheet.

REUTERS
Rtr 10:12 02-02-00
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