S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: Benny Baga who wrote (777)	3/1/2000 1:10:00 AM
From: Techplayer	Read Replies (2) of 1013

Here's an excerpt of the summary of the Goldman Sachs Research Note on S1 at 7:43 AM this morning, dubbed "* * FULL ACTION in the A.M. - U.S. * *". Remember S1 is on the GS Recommended List (SB) with a $215 Price Target -- "S1 shares have traded off roughly 15% (10% relative to the market) since we initiated coverage on February 16th with a $215 price target. While we suspect that profit-taking accounts for much of the weakness, we also believe that some relatively benign operating developments - such as Fiserv's loss of American Express - have unjustly weighed on the stock. Near-term catalysts should be forthcoming as the company enters an extremely active phase, with nine clients nearing full implementation, aggressive international expansion, and continued success at Vertical One. We remain highly comfortable with our operating projections and price target and continue to recommend purchase of the shares."

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