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To: H James Morris who wrote (94780)	2/24/2000 9:40:00 PM
From: Victor Lazlo	Respond to of 164684

profit talks, techhie BS walks.

To: H James Morris who wrote (94780)	2/24/2000 11:25:00 PM
From: Robert B.	Read Replies (1) \| Respond to of 164684

AVEA. I say go for it! By Steve Gelsi, CBS MarketWatch - ast Update: 5:19 PM ET Feb 24, 2000 New! IPOWatch section - Net Stocks NEW YORK (CBS.MW) -- Avenue A, Hotel Reservations Network and Niku may be among the hotter deals in a flurry of initial public offerings expected to begin trading Friday. With the Nasdaq at record levels, and the trading week shortened by Presidents Day, a big batch of deals awaits the market. Ben Holmes of IPOPros picked Niku, Hotel Reservations and Avenue A as the hottest on the week's roster. Both Avenue A and Niku jacked up their estimated price ranges by about 100 percent on Thursday as the deals picked up steam. Niku's niche Niku (NIKU: news, msgs), a provider of Internet consulting solutions for the sourcing, management and delivery of professional services, just got pricier. It's eyeing a range of $20 to $22 per share in an IPO led by Goldman Sachs. On Thursday, the Redwood City, Calif.-based company doubled its price range from $10 to $12 to $20 to $22 in a sign of strong investor interest. "I hear this deal works," Holmes said. "It's got strong underwriters, decent revenue growth and a pretty unique business." Avenue A Avenue A (AVEA: news, msgs) is eyeing about $100 million in proceeds with lead underwriter Morgan Stanley -- now that it's jacked its expected range up dramatically, to $18 to $20 from $8 to $10 per share. It's selling 5.25 million shares. The Seattle-based company creates Internet advertising, a growing business as brands spend more heavily to promote themselves in cyberspace. The company's chief executive, Brian P. McAndrews, came from Disney's ABC, where he was involved with various units. Clients include Gateway, Microsoft, UBid and Uproar. "Regardless of its detractors, advertising is the one component of the Web commerce equation that is most certainly producing revenue," Holmes said.