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To: steve susko who wrote (3214)11/14/2000 11:30:33 AM
From: xcr600  Respond to of 19633
 
07:56 ET Internet Capital (ICGE) 10 1/16: CS First Boston downgrades to BUY from STRONG BUY, due to a lack of visibility. With resources of $514 mln and projected uses of over $443 mln, CSFB believes company could be strapped for cash



To: steve susko who wrote (3214)11/14/2000 11:30:57 AM
From: Tom Hua  Respond to of 19633
 
Steve, CSFB downgraded from strong buy to buy, also downgraded CMGI from buy to hold.

Regards,

Tom



To: steve susko who wrote (3214)11/14/2000 11:34:08 AM
From: thegreatkazoo  Read Replies (1) | Respond to of 19633
 
ICGE was downgraded by CSFB this morning.

I've read the report twice, and the bottom line is that the analyst doesn't like the lack of forward looking visibility regarding the different businesses. Certainly leaves room for upside surprises, but he just doesn't have confidence in the short term, that he will see upside momentum.

Interesting that this same guy was pounding the table after their earnings came out, telling clients to wait until the Nov 15th meetings before judging the past quarter. I'm really not sure what to make of it. Maybe a bit more downside before a rally in this one. I'm already as long as I plan on getting as of yesterday.

Kazoo