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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (8514)	7/4/1999 10:16:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 21876

Saturday July 3, 9:59 am Eastern Time Company Press Release Multex.com News - Strong Buys - ISPs Come Highly Rated NEW YORK--(BUSINESS WIRE)--July 3, 1999--Analysts favor Lucent Technologies Inc. (LU), Internet America Inc. (GEEK), and Cybear Inc. (CYBA) among others. Read The Internet Analysts' top picks for this week. For full article, please go to the Multex Investor Network. multexinvestor.com. Strong Buys ISPs Come Highly Rated by Dean Tomasula July 3, 1999 The following interview was featured in the latest edition of Multex.com, Inc.'s weekly newsletter, The Internet Analyst. To read the newsletter in its entirety, please go to multex.com. Looking for a play in Internet stocks? Analysts and investment banks contributing research to Multex.com have identified the most followed companies this week in The Internet Analyst's universe of 150 stocks: Morgan Stanley Dean Witter rates the shares of Lucent Technologies Inc. (LU) a STRONG BUY, with a price target of $72. The brokerage said that Level 3 Communications Inc. (LVLT) would purchase Internet Protocol (IP) products from Lucent Technologies worth a minimum of $250 million during the next four years. Morgan Stanley also said the deal "marks an important development in the evolution of networks from circuit switched to packet architectures." The purchase of Lucent's products will enable Level 3 Communications to expand its business to carry long-distance and voice traffic over IP networks. Morgan Stanley forecasts third quarter earnings per share of $0.22 and fourth quarter earnings of $0.29. For 1999, the brokerage forecasts EPS of $1.45. Shares of Lucent recently traded at $64.56. There were 14 new reports about the company added to the Multex.com database last week. In May, research about the company was accessed 21 times. The shares of Exodus Communications Inc. (EXDS) are rated a STRONG BUY-AGGRESSIVE by Dain Rauscher Wessels, which has a price target of $120. The brokerage said the company recently announced the addition of four Internet Data Centers (IDCs) in Chicago, London, Silicon Valley and Seattle, bringing its total IDCs to 13. The brokerage also noted that the company's expansion is in line with its expectations for 1999. Dain Rauscher Wessels forecasts a loss in the second quarter of 1999 of $0.53 per share and a loss of $0.49 per share in the third quarter. A loss of $0.41 per share is expected for the fourth quarter of 1999. For the entire fiscal year of 1999, the brokerage forecasts a loss of $1.97 per share, and for fiscal year 2000 a loss of $0.77 per share is predicted. It also said Exodus Communications is attractively valued at current levels. The company's shares recently traded at $88.87. There were 19 new reports about the company added to the Multex.com database last week. In May, research about the company was accessed 113 times. Scott & Stringfellow recently initiated coverage of Internet America Inc. (GEEK) with a STRONG BUY rating and a price target of $24. The brokerage noted that the company's highly focused business model is what differentiates it from other ISPs. Internet America provides Internet services to customers in Texas and plans to target all users in the southwestern U.S. "We believe that Internet America's shares are attractively priced and that the company is poised for rapid growth," Scott & Stringfellow said. Shares of the company recently traded at $17.43. The Multex.com database contained one new report on the company last week. Warburg Dillon Read initiated coverage of Cybear Inc. (CYBA) with a STRONG BUY rating and a price target of $26. The brokerage said that Cybear is an Internet Service Provider, as well as a health care Internet company that combines physician practice software tools, content and connectivity. The company's product mix, it said, offers Cybear a competitive advantage because it specifically satisfies the needs of its primary customers — health care organizations and physicians. Warburg Dillon Read forecasts a loss of $0.73 per share for fiscal year 1999, and expects a loss of $0.75 per share in fiscal year 2000. Cybear's shares recently traded at $16.56. For more research for serious investors, register for the Multex Investor Network. Membership is free. [Click Here]