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Technology Stocks : Network Solutions (NSOL)

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To: tech investor who wrote ()4/7/1999 9:47:00 AM
From: stockvalinvestor  Read Replies (1) of 1377
 
PRudential's report issued this morning:

Subject: Network Solutions
OPINION

Current: Strong Buy

12-Month Target Price: $188

_ While short sellers are pressuring the stock price; ICANN and the Department
of Commerce may not be as far along as the Street thinks;
_ We believe NSOL shares have been unfairly are being 'pushed around' by the
press who have not taken the time to understand the contractual and technical
issues at hand and by short sellers working the momentum angle.
_ We believe that NSOL's position and defensibility remain strong. We believe
that domain name registrations will increase, substantially, over currently published
estimates reflecting strength in the Internet itself.
Accordingly, we are raising our price target (split adjusted) from $125 to $188
comprised of $164 in NPV from a discounted cash flow analysis and $24 per
share on other (bounty) revenue value.
_ We believe NSOL shares should be a core holding for Internet portfolios and,
with a $3.4 billion market cap and 34.3 million shares, NSOL shares are very
liquid.
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