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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: John M. who wrote (1988)	9/9/1999 11:53:00 AM
From: vagabond	Respond to of 2942

This CBLT stuff looks pretty inviting ($50 target, price now about 12-1/2). ATTN Lance/Wayne: I recall that one of you was also hot on that penny-stock that was selling boats on-line -- well, apparently a division of CBLT is heavily into that too (http://www.yachtworld.com)... Vagabond ======================= BancBoston Robertson Stephens Initiates Coverage of CBLT with a Buy Rating SAN FRANCISCO--(BUSINESS WIRE)--Sept. 9, 1999--BancBoston Robertson Stephens managing director and senior Internet analyst Keith E. Benjamin and senior automotive services analyst Jordan Hymowitz today initiated coverage of the Cobalt Group, Inc. (Nasdaq:CBLT - news), with a Buy rating. Cobalt is a provider of fully integrated Internet automobile retailing solutions. ''We are initiating coverage of Cobalt with a Buy rating and a price target of $50, as we believe the company has already branded itself as the dominant Internet solution for car dealers and manufacturers,' said Benjamin and Hymowitz. ''Its clients include approximately 3,000 of the nation's 22,400 franchised dealers, and the company's Web-hosting business has earned exclusive endorsements from approximately 13 auto manufacturers in North America.' ''Cobalt now expands vertically, with more services-per-dealer, fewer incremental costs and a recurring revenue stream of more than 90 percent,' said Benjamin and Hymowitz. ''In 2002, we believe that Cobalt's revenues could reach in excess of $90 million, with earnings of more than $18 million.' Clients interested in receiving more information should contact their salesperson at (415) 781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted.