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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (73213)	11/24/1999 11:56:00 AM
From: kendall harmon	Read Replies (3) \| Respond to of 120523

TTEC days high--here are Barings comments from this morning <<Nov-24 99 ING Barings TTEC David B. Doft TTEC: Blockbuster.com is First Cybercare Client with 5-Year Contract Yesterday, TeleTech Holdings announced that it has signed a 5-year contract with Blockbuster Inc., (NYSE: BBI-14 1/4) to provide fully-integrated Internet customer care services for the company's recently re-launched Web site, blockbuster.com. We believe the contract should generate roughly $2 million in revenues for 2000, and could ramp up significantly thereafter. * This is the first contract that TeleTech has announced for Cybercare, the company's Internet-integrated customer care platform. As such, it marks TeleTech's official entry into the online customer care market, while establishing TeleTech as the exclusive online care provider for a major offline brand looking to develop a significant online presence. * We believe that as blockbuster.com rolls out over the next year, and as the site begins to leverage Blockbuster's tremendous offline promotional and marketing prowess, traffic on the site and TeleTech's business with the company should grow accordingly. * We expect TeleTech to announce additional Cybercare contracts, with both offline brand names and pure-play Internet clients, in the near future. * We continue to rate TeleTech shares Strong Buy, with a 12-month price target in the mid-$20s, based on a 40-45x multiple of our 2000 EPS estimate of $0.55.>>