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To: Ditchdigger who wrote (4776)1/7/1999 1:04:00 PM
From: waldo  Read Replies (2) | Respond to of 37507
 
>>"People continue to pile into Internet stocks," said Paul Merenbloom, an analyst at Prudential Securities. "Investors still feel there is a lot of scope and future value in the Internet."

Merenbloom upgraded Network Solutions (NSOL) to "strong buy" from accumulate" and set a 12-month price target of $250 a share. Shares rose 29, or 17 percent to 201.<<

>>Merrill Lynch analyst Jonathan Cohen initiated coverage of online auctioneer uBid (UBID) with a long-term "buy" rating. "We are very positive on the company's fundamental operating prospects, and we believe that uBid has the opportunity and the ability to become very much more than what it is now...," Cohen said in a note to clients. Shares climbed 3 11/16 to 124 3/4.<<

Investors can't get enough

By Stephanie O'Brien, CBS MarketWatch
Last Update: 12:01 PM ET Jan 7, 1999Also: Internet Daily

NEW YORK (CBS.MW) -- Internet stocks powered higher Thursday morning as a bevy of Wall Street analysts showed confidence in the Web's growth.

cbs.marketwatch.com

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