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Technology Stocks : ITXC -- Ignore unavailable to you. Want to Upgrade?

To: Mary Baker who wrote (498)	1/21/2000 9:15:00 AM
From: David Wiggins	Read Replies (1) \| Respond to of 987

Lehman raises ITXC target to $98/share!!! Source - fax from Lehman. Highlights: "We believe ITXC will maintain it's 40% sequential growth providing 10%+ upside to our revenue projections of $7.9 million. ITXC is starting to show that it can reap the rewards of E-commerce and retail Internet telephony using it's wholesale strategy. Traffic from Media Ring...hit 1 million minutes/mo. almost immediately. IDC forcasts that internet voice will hit $10 billion by '03. ...we think the stock could trade up to 20X '01 revenue vs. 20X - 80X for other internet infrastructure.." Regards, Dave