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Technology Stocks : VerticalNet, Inc. [VERT]

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To: bob zagorin who wrote (987)10/9/2000 10:38:00 PM
From: ColtonGang  Read Replies (1) of 1094
 
Lehman Brothers Covers VERT, CC and CNCT
10/9/00 7:54:10 AM
Source: Lehman Brothers

Morning Call:

Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts.

VerticalNet, Inc(VERT) 1 - Buy
Digging Into the Customer Dissatisfaction Issue
VERT shares have been pressured by concerns regarding customer satisfaction. These concerns
miss a critical point in our view -- that is, most B2B ecommerce products are currently dissatisfying,
because the industry is still in its infancy.
Customers select B2B products and services, in our experience, based on the perceived ability of the
company to understand the customers’ needs and rapidly improve their product offerings.
Our conversation with VERT’s largest ecommerce center customer on Friday confirms this view. That
customer is talking to VERT about expanding their relationship, not reducing it.
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