VerticalNet, Inc. [VERT] Message Board

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Technology Stocks : VerticalNet, Inc. [VERT]

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To: Sarkie who wrote (1048)	1/8/2001 12:46:52 PM
From: Sarkie	Read Replies (1) of 1094

Then the picture changes. newsalert.com RESEARCH ALERT-VerticalNet cut to hold NEW YORK (Reuters) - Prudential Securities analyst Tim Getz cut his rating on online business-to-business company VerticalNet Inc. to hold from accumulate. In a report, he also slashed his 12-month price target to $7 from $20. VerticalNet said on Monday that President and Chief Executive Joseph Galli resigned to head housewares maker Newell Rubbermaid Inc. . Galli had been at the company since July. VerticalNet named co-founder Michael Hagan the new president and chief executive. Galli's departure ``adds more uncertainty into the picture,'' Getz said. ``... We believe that VERT is increasingly looking like an acquisition target.'' VerticalNet shares were off $1-7/16 at $3-7/8.

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