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Technology Stocks : VerticalNet, Inc. [VERT]

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To: maxwfy who wrote (873)	4/24/2000 10:16:00 AM
From: Sarkie	Read Replies (1) of 1094

Headline: RESEARCH ALERT-FreeMarkets, Ventro, VeritcalNet started ================================================================ NEW YORK, April 24 (Reuters) - Credit Suisse First Boston said Monday it started coverage of FreeMarkets Inc. (NASDAQ:FMKT) and Ventro Corp. (NASDAQ:VNTR) as a buy and VerticalNet Inc. (NASDAQ:VERT) as a strong buy. -- said it set a 6-12 month target of $85 to $90 a share for online business auctioneer FreeMarkets. -- said FreeMarkets has created substantial industrial purchasing expertise and has turned that expertise into large, long-term engagement contracts. -- said the market opportunity addressed by FreeMarkets purchasing solution is perhaps the largest possible B2B market for direct materials and services purchasing, which is at least a $1 trillion market in the U.S. alone and more than $5 trillion world-wide. -- said it set a 12-month target for Ventro, which operates a business-to-business electronic commerce marketplace, at $45 a share. -- said Ventro looks attractive at current much-reduced levels. -- said Ventro has announced four additional B2B e-commerce companies beyond Chemdex, its initial company. -- said it set a 12 month target of $110 to $120 a share for VerticalNet, which runs business-to-business Web sites. -- said VerticalNet's recent strategic partnership with Microsoft should guarantee its $220 million of high gross margin revenue over the next three years. -- said it currently dominates the online market for dissemination of supplier information and the managing of e-commerce transactions in 57 vertical trade in communities. -- shares of FreeMarkets closed at 59-13/16; shares of Ventro closed Thursday at 29-11/16 and shares of VerticalNet closed at 41-5/8. Copyright 2000, Reuters News Service ================================================================

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