Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

R.W. Baird Cuts VerticalNet to Market Perform

R.W. Baird cut its investment rating on VerticalNet (VERT) to market perform from market outperform because of Joseph Galli's departure, which adds greater uncertainty, particularly relating to longer term vision and ability to consummate important software sales and acquisition in the near term.

VerticalNet stock fell to 3-7/8, down 1-3/8.

Analyst Patrick Snell said Galli was leading the redirection of the company and that was expected to be a key driver in the company's markets business. Snell said he is reviewing his estimates on the company. He cut his price target on the stock to $7, from $15.

blog comments powered by Disqus