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Technology Stocks : VerticalNet, Inc. [VERT] -- Ignore unavailable to you. Want to Upgrade?

To: jrjar who wrote (846)	3/21/2000 3:39:00 AM
From: allen menglin chen	Respond to of 1094

Monday March 20, 10:38 pm Eastern Time Company Press Release VerticalNet Clarifies Market Confusion HORSHAM, Pa.--(BUSINESS WIRE)--March 20, 2000--A study prepared by Pegasus Research International, as cited by Barron's in its March 20, 2000 cover story on the cash burn rates of Internet companies, is ``highly confusing,' according to Mark Walsh, President and CEO of VerticalNet, Inc. (Nasdaq: VERT - news). The facts: At the end of 1999, VerticalNet showed $14 million in cash and cash equivalents -- $44 million in short term investments and -- $24 million in long-term investments. This totals approximately $82 million in liquidity as of December 31, 1999. It appears that Pegasus used only cash and cash equivalents for purposes of its study and did not include short and long-term marketable securities readily convertible into cash. On January 20, 2000, VerticalNet announced a commitment by Microsoft to invest $100 million in convertible preferred stock of VerticalNet, including a three-year revenue commitment. Additionally, VerticalNet, through an earlier investment in Tradex Technologies, Inc., has a right to receive shares of the common stock of Ariba, Inc. valued (based on Ariba's closing price on March 20, 2000) at approximately $71.4 million. After giving effect to the Microsoft investment and the current value of the shares of Ariba, VerticalNet will have more cash than it had after it completed its initial public offering in February 1999. biz.yahoo.com

To: jrjar who wrote (846)	3/21/2000 9:59:00 AM
From: Shivram Hala	Read Replies (1) \| Respond to of 1094

biz.yahoo.com On January 20, 2000, VerticalNet announced a commitment by Microsoft to invest $100 million ....... Addendum: zdii.com "VerticalNet CEO Mark Walsh told Reuters that Microsoft's storefront commitment would guarantee VerticalNet more than $200 million in revenue over three years" I think it was highly irresponsible on Barron's part to release such sloppy analysis. If you do your DD research you don't have to depend on these papers (lemming Papers) or these analysts. In essence Blodget estimates a double in 12 months while Barrons is essentially saying STRING SELL, VERT will burn cash so fast that in 6 months it'll be out of business. If you do depend on these analysts recommendations and not their research, here's blodgy's call. biz.yahoo.com Wednesday March 15, 11:08 am Eastern Time RESEARCH ALERT -VerticalNet started NEW YORK, March 15 (Reuters) - Merrill Lynch & Co. on Wednesday said it had begun research coverage on shares of online business-to-business marketplace operator VerticalNet Inc. with initial ratings of near-term accumulate, long-term buy. In a research note, analyst Henry Blodgett said: -- he set a 12-18 month price target of $350. -- he expects VerticalNet shares to remain volatile and would not be surprised to see shares consolidate over the near term. -- he would view any weakness in the stock as a buying opportunity. -- he considered VerticalNet a core business-to-business holding. -- VerticalNet shares were off 5 at 225 in late-morning trading on Nasdaq.