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Technology Stocks : Concentric Network Corporation (CNCX)

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To: Platter who wrote (147)10/21/1998 10:53:00 PM
From: Dale Stempson   of 377
 
RE: CNCX Interest

FWIW - I initiated a significant long position in CNCX yesterday. I'm surprised that there has not been more discussion regarding Concentric. I hope this changes in the future.

Perhaps CNCX still needs a bit more coverage from the press and the analysts before public interest picks up. From what I've read about these folks while doing my DD, I expect more recognition will come fairly soon.

Currently the analyst's consensus appears quite good from what I could find:

17-Sep-98 ING Barings Fm Selz - Started - Buy
15-Sep-98 CIBC Oppenheimer - Started - Buy
12-Aug-98 LaSalle Street Sec - Started - Specultv Neutral
05-May-98 Bear Stearns - Started - Buy
08-Sep-97 Unterberg Harris - Started - Buy
27-Aug-97 UBS Securities - Started - Strong Buy

It appears that Dakin Securities, Warburg Dillon Read and Wheat First Union also follow the company, but I don't know their current ratings or when they initiated coverage. Perhaps someone here could provide the info?

I did notice while watching CNBC this morning that Don Hays from Wheat First Union was interviewed and commented something to the effect that Concentric was an undervalued stock.

Regards - Dale
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