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

To: allen menglin chen who wrote (915)	7/17/2000 12:10:30 PM
From: Sarkie	Read Replies (1) \| Respond to of 1094

Goldman Sachs Upgrades VerticalNet, Affiliated Computer (VERT) (NewsTraders.com)--VerticalNet's (VERT) rating from Goldman Sachs zoomed to "recommended list" from "market outperformer" this morning, as analyst Jamie Friedman said the Street has yet to give the online business-to-business communities operator its due for its entry into the electronic component trading market. The analyst, who has a $75 price target on the stock, feels VerticalNet's new unit has created "a hidden asset" whose value will surface over time, voicing his opinion that the electronics exchange is worth between $1.5 billion and $2.5 billion. In addition, VerticalNet's core business is ramping faster than anticipated, the analyst said, adding that the firm is "winning a seat at the table" with technology companies and consortia, which in Friedman's opinion should lift the stock. Shares of VerticalNet recently jumped $5.69 to $56.81. Separately, analyst Gregory Gould put Affiliated Computer Services (ACS) on the brokerage's top shelf, increasing his opinion on the information services company to "recommended list" from "market outperformer," with a $57 price objective. Gould predicts that Affiliated Computer's internal revenue growth will reaccelerate "sharply" in the current quarter, while the company's sales pipeline is "very robust." As a result of recent divestitures, the company is also exhibiting an improved financial profile, the analyst feels. Gould referred to Affiliated Computer's valuation as "compelling;" shares of the company were recently higher by $2.25 at $39.25. Copyright 2000 NewsTraders Inc. All Rights Reserved 10:37 Monday, July 17, 2000