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

Markets & Finance

Kaufman Raises Ask Jeeves Target

Kaufman Brothers raised its target and reiterates buy on Ask Jeeves (ASKJ).

Analyst Richard Fetyko says he raised his $13 target to $18. He says assuming Ask Jeeves is able to further reduce costs in its customer-relationship management division, or sell it, his 40 cents 2004 earnings per share estimate could rise to 50 cents. He says without customer-relationship management, the remaining business (web properties) is expected to post a 35% compound annual growth rate over the next three years.

Fetyko believes the sale of customer-relationship management could fetch $12 million, or an additional 25 cents in liquidity. He says the plan for Google to replace eSpotting as a new paid listings partner for Ask Jeeves U.K. advertising services is likely to result in higher revenue share, and higher than expected 2004 growth. He sees 28 cents 2003 earnings per share.

blog comments powered by Disqus