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Non-Tech : Marchex, Inc.

MCHX 1.689

-1.8%

Dec 23 9:30 AM EST

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From: bob zagorin	9/18/2007 10:34:48 AM
	of 159

Mogan Joseph Starts Marchex (MCHX) at Buy 09-18-2007 09:04:58 AM Mogan Joseph is initiating coverage of the Internet sector, saying the shift of advertising dollars away from traditional media and towards the Internet is a promising investment theme. The firm starts Marchex (Nasdaq: MCHX) with a Buy rating and $13 price target. The firm said, "In our view, localized advertising is a growing business and Marchex''s move to capitalize on this trend and carve out a niche in the market is a prudent one."

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