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Technology Stocks : CATP-The stock is taking off

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To: Terry H. who wrote ()2/11/1999 11:52:00 AM
From: Wheats  Read Replies (1) of 782
 
Bullish comments at Goldman conference:

Cambridge Technology Partners (CATP) is looking for a rebound in the second half of this year to raise overall revenue growth by 30 percent for 1999. CFO Arthur Toscanini, speaking at the Goldman Sachs 1999 Technology Investment Symposium in New York, expects the IT consulting and services company to reach $1 billion in revenue by 2001. Interactive services, or building business-to-business sites, is expected to be a big growth driver, with the unit seen growing 90-100 percent over 1997 to bring in $100-120 million of an estimated overall revenue between $748-795 million. Toscanini told CBS.MarketWatch.com that CTP isn't interested in becoming acquired. "We're very committed we can grow it ourselves. We don't need to be acquired. We're not actively looking unless we're the acquirer." But he expects consolidation in the consulting business at some point, with some 30 companies competing.
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