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Technology Stocks : RAZF--Razorfish...Will this little fishy be a good catch?? -- Ignore unavailable to you. Want to Upgrade?


To: SIer formerly known as Joe B. who wrote (207)5/26/2000 11:02:00 AM
From: SIer formerly known as Joe B.  Read Replies (1) | Respond to of 258
 
RESEARCH ALERT-CSFB says Razorfish shares cheap
RESEARCH ALERT-CSFB says Razorfish shares cheap

NEW YORK, May 26 (Reuters) - Credit Suisse First Boston
said Friday that shares of Razorfish Inc. <RAZF.O> were trading
at cheap levels, noting the company's broadband and wireless
initiative plans.
-- said in a research report that the company's management
unveiled "innovative broadband initiatives, expertise and
presence on global mobile and wireless arena, and laser-beam
focus on value creation" at a meeting held Thursday for
analysts.
-- said several pilot programs are evolving into large
projects and these opportunities are not already factored into
analysts' forecast models, indicating room for upside.
-- said that in addition to its broadband efforts targeted
at interactive television, Razorfish is also moving forward in
the mobile and wireless arena, with four products under way.
-- said there was a huge opportunity in both existing
client base and across verticals in the wireless arena.
-- said the company was "tracking" ahead of expectations on
all metrics for the second quarter.
-- JP Morgan reiterated its buy rating on Razorfish and
also said its shares were cheap.
-- shares of Razorfish, a consultant on Internet strategy
and Web site design, were up 1/4 at 13-3/4 on the Nasdaq.
((--New York technology desk, (212) 859-1860))

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