VerticalNet, Inc. [VERT] Message Board

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Technology Stocks : VerticalNet, Inc. [VERT]

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To: AmericanVoter who started this subject	9/28/2000 12:41:33 PM
From: bob zagorin	Read Replies (1) of 1094

RESEARCH ALERT- VerticalNet strong buy reiterated NEW YORK, Sept 28 (Reuters) - W.R. Hambrecht on Thursday reiterated its investment rating of "strong buy" on VerticalNet Inc. after a meeting with the company's management. -- Analyst Derek Brown also maintained a 12-month price target of $80 on the stock. -- "A steady flow of alliances, partnerships, product introductions, and/or acquisitions could serve as key catalysts for VerticalNet's stock price over the next 3 to 6 months," Brown said in a research note. -- He expects the company to report strong third-quarter results in late October, ahead of his estimates of a per-share loss of 28 cents on revenues of $61 million. -- "Street concerns regarding VerticalNet's electronic components exchange business and its relationship with Internet Capital Group (Inc. ) appear exaggerated, in our opinion," Brown said. VerticalNet stock closed at $32-5/8, up $2-9/16, after a similar reiteration from another firm. The stock has traded in a narrow range since dropping from its 52-week high of $148-3/8 reached March 10 to $25-7/8 five weeks later. ((-- New York Equity News 212 859-1700, or nyc.equities.newsroom@reuters.com))

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