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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Gary D who wrote (10158)	11/30/1999 9:57:00 PM
From: Justa Werkenstiff	Respond to of 15132

CHTR Related: Webvan (WBVN: news, msgs) traded as high as 31 3/8 during the session, only to end the day unchanged at 24 11/16. Shares spiked higher after the lead bankers behind the company's IPO issued their coverage to the public with nothing less than the most optimistic projections. Goldman Sachs, the lead banker, started coverage with a "buy" rating and a 12 month price target of $31. Webvan is more than a leading online grocery as it is positioned to leverage its proprietary distribution/fulfillment system to elevate its franchise, Goldman's Internet team said in a note to clients. Donaldson, Lufkin & Jenrette Internet analyst Jamie Kiggen started coverage at a "buy," and a 6- to 12-month price target of $42, citing Webvan's ability to "cement customer relationships to a greater degree than other types of online retailers."