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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (29807)11/18/1999 12:09:00 PM
From: Frederick Langford  Read Replies (1) | Respond to of 108040
 
West,
Why give it a $25 target?To: Jim B (29734 )
From: BRea ( Ignore ) Thursday, Nov 18 1999 11:02AM ET
Reply # of 29800

RESEARCH ALERT-Retek started at buy in today's IPO
NEW YORK, Nov 18 (Reuters) - Jefferies & Co. said it started coverage of Retek Inc. (NasdaqNM:RETK - news) with a buy rating after its spun off from its parent company HNC Software Inc. (NasdaqNM:HNCS - news) on Thursday.

-- said Retek may be worth 20-30 times revenues at Thursday's initial public offering.

-- ****said 12-month target price is $25

biz.yahoo.com

Fred