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Technology Stocks : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?


To: BRea who wrote (460)3/18/2000 11:02:00 AM
From: BRea  Read Replies (1) | Respond to of 748
 
PPRO symbol was looking like this Friday "PPR☺" as the breakout was confirmed with a +20 day, and IMO should continue next week. You may want to continue to keep it on a watch list for another 20+ day.
Infrastructure, B2B lead
Inktomi, PurchasePro, Exodus flourish

By Bambi Francisco, CBS MarketWatch
Last Update: 5:37 PM ET Mar 17, 2000 Internet Daily
Net Headlines

NEW YORK (CBS.MW) -- Internet shares rose Friday, climbing for a second day on gains from companies that support the backbone of the Internet or enable business-to-business transactions

PurchasePro (PPRO: news, msgs) ran up 23 percent for the week, after a Friday flourish that saw shares fly higher by 15 percent to 151 3/4. The business-to-business company targeting the small to midsized market received raving reviews from BancBoston Robertson Stephens on Friday and Credit Suisse First Boston earlier in tbe week.

Both Wall Street firms believe "P-Pro" as many on the Street refer to it, is seeing strong demand for its products, and is executing on its plans with partners Office Depot and Sprint. BancBoston Robertson Stephens analyst Marshall Senk said his first quarter sales projections may be "conservative." Senk also pointed out that P-Pro "has been working on some significant new partnerships that could add substantial visibility and upside to our forecasts in the near future."

BRea