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Technology Stocks : HAXS - Health Axis
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To: PAUL V ROLLER who wrote (4)2/6/2000 11:13:00 AM
From: Don Hand  Read Replies (1) of 124
 
HAXS picked up by CBS Market Watch
rd.yahoo.com*http://cbs.marketwatch.com/archive/20000204/news/current/ratingsgame.htx?source=blq/yhoo&dist=yhoo

HealthAxis catches Stephens Inc.'s eye

Shares of HealthAxis rose 2 1/8 to 27 1/4 Friday after Stephens Inc. analyst Brad Eichler started the company off with a "buy" rating and $43 price target.

"We believe investment in HealthAxis (HAXS: news, msgs) presents a unique opportunity to own a business that is radically altering the distribution and the administration of the largest segment of our domestic insurance market -- health insurance," Eichler told clients.

Eichler noted that HealthAxis (through its 31 percent diluted holding) is currently the only way to invest in HealthAxis.com, which is an e-health, e-insurance Internet-based business that leverages its technology to link together healthcare payors, businesses and consumers in the health insurance marketplace.

Eichler said several events are scheduled to take place in the near future that will complete the transformation of HealthAxis.com into a public company that will be 100 percent-owned by HealthAxis Inc.

"As these changes take place, we expect HealthAxis.co to emerge as a more widely known leader in the heathcare market place," Eichler said adding that he thinks the back-end services offered by the company combined with carrier integration on the consumer Web site will open doors that may not be open to other online insurance businesses.
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