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Technology Stocks : Globecomm Systems (GCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (53)	12/8/1999 11:40:00 AM
From: Howard C.	Read Replies (1) \| Respond to of 66

RESEARCH ALERT-ING Barings starts Globecomm at buy NEW YORK, Dec 8 (Reuters) - ING Barings said on Wednesday it started its coverage of satellite equipment company Globecomm Systems Inc. (NasdaqNM:GCOM - news) with a buy rating. -- Set 12-month price target of $24 per share. -- ``We expect annual revenue growth of 40 percent to 80 percent as the company's high-growth Internet strategy accelerates.' -- ``The company's NetSat Express subsidiary, worth around $300 million as a stand-alone entity, is a valuable 'hidden' asset in satellite broadband.' -- Globecomm was up 2-1/4 at 20 in early Wednesday trading on the Nasdaq stock market.