Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TERRA NETWORKS (TELEFONICA INTERACTIVA) TRRA -- Ignore unavailable to you. Want to Upgrade?

To: adsorb who wrote (89)	4/12/2000 7:46:00 AM
From: adsorb	Read Replies (1) \| Respond to of 97

Credit Suisse First Boston Initiates Coverage of Terra Networks With a Buy Rating PALO ALTO, April 11 /PRNewswire/ -- The following is being issued by Credit Suisse First Boston, a member of the National Academy of Securities Dealers, CRD number 816: Credit Suisse First Boston Technology Group analysts Will Landers and Shane Leonard today initiated coverage on Terra Networks (NASDAQ:TRRA) with a Buy rating and a price target of $100 per ADR (or Euro 100 per share). (Photo: newscom.com ) Terra Networks, a subsidiary of Telefonica de Espana, represents a network of Internet service providers (ISPs) and country-specific portals serving Spain and most major Latin American Internet markets. "TRRA aims to provide Internet users throughout the Spanish and Portuguese speaking world with 'one-stop shopping' through its offering of Internet access, portal services, on-line advertising and e-commerce opportunities," says Landers. Landers and Leonard believe that TRRA is uniquely positioned to grow in Latin America, Spain and the U.S. Hispanic market, which represent some of the fastest growing Internet markets in the world currently. They also note the unique relationship with TRRA's parent company, Telefonica de Espana, which offers significant opportunities for synergies not available to any of its competitors. TRRA currently offers country-specific portals in Spain, Brazil, Mexico, Argentina, Peru, Chile, Venezuela, the U.S. and Central America. The company expects to launch a portal focusing on the U.S. Hispanic market in the near future, as well as to expand into other countries in Latin America. Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 15,000 employees. As of December 31, 1999, CSFB has $9.8 billion in revenues, $7.8 billion in equity, and $275 billion in assets. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group. For more information on Credit Suisse First Boston, please visit the Company's website at csfb.com . This press release is merely a synopsis of a Credit Suisse First Boston Corporation research report and neither is, nor is intended to be a comprehensive summary of the report or recommendation. The report referred to herein should be read in its entirely prior to making a decision to invest in any of the companies mentioned therein. If you would like to obtain a copy of this report, please contact your CSFB sales representative. SOURCE Credit Suisse First Boston Corporation -0- 04/11/2000 /CONTACT: Cheryl Popp, 650-614-1630, or Lisa James, 650-614-1632, or Sierra Scott, 650-614-1633, all of Credit Suisse First Boston Corporation/ /Photo: NewsCom: newscom.com AP Archive: photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467/ /Web site: csfb.com