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

USB Piper Upgrades Ask Jeeves to 'Outperform'

USB Piper upgraded Ask Jeeves (ASKJ) to outperform from market perform.

Analyst Safa Rashtchy says the upgrade was driven by fourth quarter results, momentum in its search vehicle, and the belief that the company will show upside to its 2003 guidance. Rashtchy thinks the Ask Jeeves' destination is an important, increasingly valuable asset as search portals are becoming highly profitable.

He raised the 10 cents 2003 earnings per share (pro forma) estimate to 21 cents, and sees 29 cents for fiscal 2004 (pro forma). Rashtchy thinks his estimates are conservative as Ask Jeeves clearly has a tailwind on its search listing, and with costs already down it is is likely to see accelerating margin improvement.

blog comments powered by Disqus