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Technology Stocks : NaviSite Inc-(NAVI) -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Gekko who wrote (69)	10/18/1999 8:10:00 AM
From: S.C. Barnard	Read Replies (1) \| Respond to of 320

RB: Analyst Steve Harmon on Navisite IPO Here is what Steve Harmon (a highly regarded internet analyst) had to say about the company. Question: NaviSite, a subsidary of CMGI, any thoughts about this company or the potential success of this IPO? Reply: This one looks like a winner. NaviSite is a Web hosting, as well as an application hosting company. In other words, the company allows companies to outsource their Web needs. This makes sense for many companies, because it is typically more cost-effective and allows companies to focus on their core competencies. But NaviSite is not for small sites; rather it is for the complex ones. Services include: monitoring, security, storage, load balancing, advanced back-ups, and bandwidth. NaviSite also helps companies with e-commerce applications, ad-servicing, and transaction processing. The market for such services is growing quickly. Forrester Research estimates that the number of US enterprises that will go online will increase from 1.8 million in 1998 to 4.3 million in 2002. Forrester also maintains that the market for managed Web sites hosting services will grow from $1 billion in 1998 to $14 billion by 2003. As for application outsourcing, this is expected to grow to $21.1 billion by 2001. NaviSite is majority owned by CMGI with minority interests from DELL Computer and Microsoft.