ESpeed, Inc. (ESPD) IPO set for early December Message Board

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Technology Stocks : ESpeed, Inc. (ESPD) IPO set for early December

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To: JakeStraw who wrote (34)	2/14/2002 1:01:04 PM
From: JakeStraw	Read Replies (1) of 45

RESEARCH ALERT-JP Morgan cuts eSpeed rating biz.yahoo.com NEW YORK, Feb 14 (Reuters) - J.P. Morgan said on Thursday it cuts its investment rating on electronic bond trader eSpeed Inc. (NasdaqNM:ESPD) to a ``long-term'' buy from a ``buy,'' saying the stock may be overvalued. ``In our opinion, eSpeed delivered strong fourth-quarter results during extremely trying circumstances, justifying our bullish long-term stance,'' said J.P. Morgan's analysts. ''However, valuation concerns are forcing us to take a more conservative near-term view until new business lines deliver.''

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