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Technology Stocks : Iona (IONA)
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To: formula1 who wrote (306)3/28/1998 3:38:00 AM
From: formula1  Read Replies (1) of 491
 
Lehman Bros. raises price target to $40.Lehman Bros have just increased their 12 month price target from $27 to $40 as a result of the confidence and forward looking presentations made by many of Ionay's clients at the recent Iona conference in Boston.
Boeing, Bell Atlantic, and Hewlet Packard have all committed themselves to Orbix in the future.Lehman sees the recent agreement wih Msft as removing a potential barrier for Iona,Expect a ramping up of sales after the next quarter when all of the new deals kick in.They are also impressed with the efforts to date to control costs,and expect this to improve margins going forward.
I would not be surprised to see $40 -$45 by year end and $65-$70 by year end 99.
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