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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Smear_campaign who wrote (2822)	9/13/2000 10:51:59 AM
From: rupert1	Read Replies (2) \| Respond to of 2908

Reiteration from Dain Rauscher Wessels after NETP presentation this week. Thanks to "eurolover" at Yahoo. Net Perceptions, Inc. (NASDAQ:NETP) September 13, 2000 Buy -Speculative; Price Target:$65.00 INTERNET INFRASTRUCTURE AND APPLICATIONS Stephen H. Sigmond (612) 313-1223 ssigmond@dainrauscher.com Vikram Kaura (612) 313-1235 vkaura@dainrauscher.com NET PERCEPTIONS HIGHLIGHTS FROM DRW TECHNOLOGY CONFERENCE 2000 Net Perceptions, Inc. presented at Dain Rauscher Wessels’ Technology Conference yesterday (September 12) in Scottsdale, Arizona. We believe the quarter is progressing well with several new products expected toward the end of 2000. We reiterate our Buy-Speculative rating on NETP shares with a 12-month price target of $65. Price: $13.62 52-Wk Range: $66 -$10 Tr. 12 ROE: NE 3 Yr EPS Gr.:50.0% Shares Out: 26.10 million Book Value: NE Market Cap: $355.48 million Fiscal Yr Prev EPS P/E Dec/1999A ($0.56) NM Dec/2000E ($0.52) NM Dec/2001E $0.10 NM 2000 Q3 ($0.13) Excluding noncash charges Fiscal Yr Prev Revenue* MC/Rev Dec/1999A $15.13 23.5x Dec/2000E $51.40 6.9x Dec/2001E $85.10 4.2x Revenue in millions. MC/Rev = Market Cap/Revenue Steven Snyder (president and CEO) and Tom Donnelly (CFO) presented yesterday, September 12, at our technology conference. Following are the highlights: We believe the quarter is progressing well, both on customer acquisition and product development fronts. A notable recent win includes Kmart (a seven figure deal), which is expected to deploy Net Perceptions, Inc.’s advertising and merchandising analytic solutions. We believe this win further affirms Net Perceptions’ strong position in retail markets. We believe the company has several pilot programs in progress in the Knowledge Management area. We believe two new products, the Personalization Manager (Commerce Solutions) and Heads-up Channel (Network Solutions) are on track to ship in the December quarter. We also believe the company is on track to grow its direct quota-reps from 39 at the end of June quarter to 57 by year end. Stock Opinion: At its current price of $13.62, we believe NETP stock is trading at a compelling multiple of 4.2x estimated 2001 revenues, a significant discount to its peer group. We reiterate our 12-month price target of $65 on NETP shares with a Buy-Speculative rating. Our price target is based on a 20x multiple of estimated 2001 revenues, a valuation that is in line with comparable Internet software companies.