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Technology Stocks : GeoCities -- Ignore unavailable to you. Want to Upgrade?

To: Platter who wrote (294)	9/9/1998 9:17:00 AM
From: Platter	Respond to of 316

GCTY..investors woke up to a pleasant surprise with an analyst's positive comments about the personal Web site provider. Donaldson, Lufkin & Jenrette analyst Jamie Kiggen released a research note Tuesday morning starting the newly-public company with a "buy" rating. The analyst also set a 12-month price target of $40 a share, but wrote the price "should be achievable within six months." Kiggen wrote that the investment firm is "strong believers" in GeoCities becoming a leader in the Internet market and encouraged investors to make the stock a "core Internet portfolio holding." Donaldson, Lufkin & Jenrette expects GeoCities to have $16 million and $44 million in revenue and 1998 and 1999, respectively. DLJ estimates the company will lose $24 million in 1998 and $26 million in 1999 due to heavier marketing spending. ...From Internet Report