Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : UBID - an IPO spinoff of Creative Computers -- Ignore unavailable to you. Want to Upgrade?

To: Lucky888 who wrote (521)	9/27/1999 6:06:00 PM
From: Mr. Big	Respond to of 581

Here it is -->> UBid (UBID: news, msgs) gained 6 15/16 to 30 3/16 after Merrill Lynch upgraded the company to a near-term "buy" from "accumulate" with a 12-month price target of $50. In a note to clients, Henry Blodget pointed out that UBid was trading at an "inexpensive" 0.5 times 2000 revenue projections. Blodget called UBid the leader in business-to-consumer auctions with upside potential as it enters the business-to-business auction marketplace. According to Forrester Research, online auctions will be a $65 billion business by 2002, with B2B activity accounting for $53 billion of that opportunity.