Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (55294)	10/5/2000 1:03:07 PM
From: Junkyardawg	Read Replies (1) of 63513

cnetinvestor.com USINTERNETWORKING (USIX-$5 1/8-SBUY-TARGET $17) * WE LOWERED OUR PRICE TARGET ON USIX FROM $42 TO $17 AND MAINTAIN OUR STRONG BUY RATING. * THE BASIS OF OUR NEW PRICE TARGET IS ON THREE ISSUES: 1) INCREASING CONCERN ON .COM CUSTOMERS HAS BECOME MORE APPARENT AS COMPETITOR BREAKAWAY SOLUTIONS (BWAY-NR) PREANNOUNCED THAT THEIR 3Q00 WILL HAVE FLAT REVENUES QTR/QTR. THE ASP SPACE REMAINS ROBUST, HOWEVER, THEIR MAY BE SPILLOVER TO USIX ON THE NEGATIVE NEWS 2) AS .COMS BUSINESS DOES SLOW, THE .BAMS (BRICK & MORTAR) COMPANIES DO NOT FEEL THE SAME PRESSURE TO CLOSE A DEAL, THEREFORE, USIX'S SALE CYCLE IS LENGTHENING. DEMAND IS STILL STRONG, BUT THE DEAL TIME IS LONGER 3) THE COMPANY HAS RECENTLY REORGANIZED IN WHICH THEY HAVE A NEW CEO. WE FEEL MORE CONFIDENT WITH THEIR NEW CEO, AND HE REITERATED THEIR COMFORT WITH THIS UPCOMING QUARTER.

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