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Technology Stocks : Icon CMT Corp. (ICMT) -- Ignore unavailable to you. Want to Upgrade?

To: LghtBrgade who wrote (27)	3/23/1998 8:36:00 AM
From: Taylor Caruthers	Read Replies (1) \| Respond to of 128

ICON CMT CORP (ICMT: $11.75 )+ 03/19/98 Coverage Initiated With A Buy Rating ÿÿEarnings Per Share Old New P/E Ratios ÿÿ(FY:Dec.) 1999E$$0.00ÿÿ 1998E ÿ(1.12)ÿÿ1997Eÿ(1.20)ÿRating: BUY Change: None 12-Mo. Target: $20 We are initiating coverage of Icon CMT Corp. (ICMT+) with a Buy rating. The company offers a complete range of Internet services including access, Web application design and management, and consulting. Icon went public on February 12th offering 3.85 million shares at $10.00. Since the offering the stock has shown positive movement related to announcements of internal and external growth initiatives. However, the shares have seriously lagged those of Internet stocks which have raged for the past year. In particular, USWeb (USWB+*), a comparable provider of Web design services, has seen a recent surge in its stock. We believe Icon represents an extremely high quality Internet services company based on our extensive conversations with industry experts, competitors, and clients, and Icon is one of only a handful of companies that can provide soup-to-nuts services on the Internet. Most players are access only, Web design only, consulting only, etc., but Icon can truly be a one-stop shop to get a customer up and running on the Web. With Internet subscriber growth running 30-40%, it would be tempting to call that the growth rate for Icon, but corporations are just beginning to use the Internet for serious applications so usage is far outpacing subscriber growth. In fact, most estimates have the Internet traffic doubling every six months and Icon is poised to catch coins as they flow by. ÿ For Definitions of Ratings Click Here. ÿFor information regarding DLJ and the companies referenced within this report, Click Here ÿMain \| Daily Research \| Weekly Review \| Monthly Analysis \| Investment Ideas \| Reports \| Searchc 1997 DLJdirect Inc. as to the format of the site layout and presentation. All Rights Reserved. Member SIPC and NASD. c 1997 Donaldson, Lufkin & Jenrette Securities Corporation as to the information and opinions