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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Bob Biersack who wrote (89621)3/23/2000 12:23:00 PM
From: Doug Robinson  Read Replies (1) of 120523
 
MDEA-Bob, it should do quite well. Thursday March 23, 9:28 am Eastern Time
RESEARCH ALERT - Media 100 target raised
NEW YORK, March 23 (Reuters) - U.S. Bancorp Piper Jaffray said analyst C. Eugene Munster on Thursday raised his price target on Media 100 Inc., a maker of technology that allows broadcasting over the Internet.

-- boosted target to $80 from $55.

-- called Media 100 ``the Clydesdale of Web video.'

-- said raised revenue estimate, maintained earnings outlook of $0.50 a share for fiscal 2000.

-- set fiscal 2001 revenue estimate of $75 million.
-- set fiscal 2001 earnings outlook of $0.70 a share.
-- kept strong buy rating.
-- shares closed at 42-3/8.


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