Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (974)	3/27/1999 2:58:00 PM
From: neverenough	Respond to of 1260

BancBoston Robertson Stephens' Keith Benjamin told clients in a note Friday that Internet stocks "move down faster than the broader averages, but recover faster and farther." Benjamin also said he expects "stronger, positive surprises in March-quarter reports" for the Net darlings. That said, better-than-expected quarterly surprises may not be enough to drive the group higher, he said. As for whether Yahoo (YHOO) and Broadcast.com (BCST) will team up, Benjamin said he has been concerned that Yahoo "may be challenged to grow its services fast enough internally" to evolve into an "AOL (AOL) network." Over the long term, he said, Yahoo would be better off "adding as much content and services as possible." Not surprisingly, Benjamin said he would hold off on buying Yahoo stock now. That's quite a different view from Braverman's. The Montgomery Securities Net bull gave Yahoo a "buy" rating and a 12-month price target of $210. Earlier this week, Jefferies & Co. Internet analyst Bruce Smith gave Yahoo a 12-month price objective of $300. Shares of Yahoo slipped 7 5/8 to 171 3/8; Broadcast.com fell 3 3/4 to 110 1/2, still up 30 percent for the week. AOL lost 13/16 to 125 11/16 cbs.marketwatch.com