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Technology Stocks : Roaring Internet Stocks
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Ravi Ratnam who wrote (1503)5/3/1999 5:26:00 PM
From: stockvalinvestor   of 1530
 
PaineWebber says ABTL could reach target price of $130 per share. ARticle below:

herring.com

here is the clip on just ABTL:

Here's a look at some of the other Internet earnings
after the bell Thursday:

Autobytel.com (Nasdaq: ABTL)

The online car buying resource posted a first quarter
loss of $6.1 million, or 68 cents a share, as revenue
rose 73 percent to $8 million. First Call's survey of one
analyst was expecting a loss of 78 cents a share.

In the year-ago period, Autobytel.com lost 83 cents a
share on sales of $4.6 million.

For March, Autobytel.com garnered 19.2 million page
views, up 21 percent from December. Unique visitors
for last month gained 48 percent from December to
million visitors.

"We believe ABTL continues to show strength in its
business as it has been able to grow its dealer
network, while increasing its average per dealer fees,
and drive higher than expected purchase requests,"
said James Preissler, analyst at PaineWebber who
reiterated his "buy" rating.

Preissler held his second quarter estimate at a loss of
43 cents a share and we are adjusting our 1999 EPS
estimate to a loss of $1.79 a share.

"We believe as the environment for Internet company
valuations improve Autobytel could trade closer to the
high range of 200x (earnings), or at a price target of
$130," said Preissler who has a 12-month price target
at $65 a share.
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