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Technology Stocks : Concentric Network Corporation (CNCX) -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (323)	10/22/1999 11:33:00 AM
From: Scrapps	Respond to of 377

Concentric may soon rise - BusinessWeek NEW YORK, Oct 21 (Reuters) - Although Internet stocks are not necessarily the darlings of Wall Street anymore, First Albany's net guru Jeff Sadler, is high on Concentric Network Corp. (NasdaqNM:CNCX - news), which helps companies adapt their businesses to all the Internet has to offer, according to BusinessWeek. Like many other Net stock, Concentric stock has fallen, closing at 23-15/16 Thursday from about 57 in April. But Sadler told the magazine that companies that provide the skills for other companies to use the Web, are where its at. Sadler told BusinessWeek he expects the stock to be back at its old high in about a year, based on a price-earnings ratio of 20 times estimated 2001 earnings of $161 million. He told BusinessWeek he expects revenues to grow at about 60 percent to 75 percent annually.