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Technology Stocks : Cobalt Group-(CBLT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul K who wrote (23)	11/22/1999 1:52:00 AM
From: Paul K	Respond to of 141

Comments from Wit Capital, a CBLT analyst: witcapital.com Summary... * We believe that Cobalt has a first-mover advantage as an Internet marketing services provider in the automotive industry. * Through its cost-effective service offerings, we believe that Cobalt enables dealers and manufacturers to embrace dynamic Web-based functionality as an extension of traditional marketing strategies. * As the company continues to expand its offerings, we believe that Cobalt should be well positioned to leverage its Web site publishing platform and extensive dealer and manufacturer client base to meaningfully cross-sell its products and services. * We believe that Cobalt should continue to capture an increasing number of manufacturer and dealer clients for the lifetime of their Internet marketing strategy, and expect that the company should benefit as the automotive industry further migrates online. * Given Cobalt's projected long-term gross margin of approximately 80.0%, we expect that the company should be able to generate a long-term operating margin of approximately 25.0%. * We are initiating coverage of Cobalt's common shares with a BUY rating.