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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Glenn D. Rudolph who wrote (102013)	4/24/2000 10:54:00 AM
From: H James Morris	Read Replies (1) of 164684

Glenn, Another great day for the shorts. >NEW YORK, April 24 (Reuters) - Credit Suisse First Boston said Monday it started coverage of FreeMarkets Inc. <FMKT.O> and Ventro Corp. <VNTR.O> as a buy and VerticalNet Inc. <VERT.O> 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. 09:24 04-24-00

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