Ariba Technologies (Nasdaq-ARBA) Message Board

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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: Boplicity who wrote (1062)	9/7/2000 10:13:15 PM
From: Michael Auth	Read Replies (2) of 2110

I took some more today at 157, since the beginning of August, the 10-dma has proved to be good support. "Prudential Securities raised their 12-month price target to $210 from $140, as they expect an expansion of the companies earnings growth due to reports that are surfacing about an accelerated upside revenue picture for the company. Another positive is the higher revenue contribution that is expected from Asia. Recent reports have said that Asian market sales currently account for 10 percent of revenues. Over the next 24 months that is expected to rise to 30 percent".

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