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Technology Stocks : Internap Network Services Corporation
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To: neverenough who wrote (477)9/24/2002 1:10:11 PM
From: Jibacoa  Read Replies (1) of 1011
 
Rumor has it that INAP's earnings will be EBITDA positive this quarter.

I don't like to speculate on rumors unless I am familiar with the source and think it has good merits.<g>

The company has in the past delivered on their guidance and have said they expect to be EBITDA positive in the 4th Q.

Although they seem to have continued to sign-up first class companies as new customers in spite of the present unfavorable economic conditions, I don't know how much the cost of moving their headquarters to Atlanta will impact the reported earnings for this Q and I don't think it is good to raise false hopes with rumors that may not materialize.

I think there is a very good possibility of the stock doubling in the near future (weeks rather than months.<g>)from the present trading levels as it has continued to perform well and the RSI has continued to rise.

The analyst consensus on the reported earnings for the next year shows the loss down to less than half of the previous year and the "target price" at $1.50 which would be a 550% gain from present levels.

Today the stock has held well and at present it is up 4.5% on moderate volume in spite of the DOW and the NAZ remaining on the downside.

finance.yahoo.com

Bernard
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