Concentric: Net "Backbone" SupplierBy
The easy money in Internet stocks is over, according to Jeff Sadler, Net guru at First Albany's FAC/Equities unit. Big institutional money has jumped onto the Net bandwagon, he says, and skewed valuations. So the way to go, he says, is to find companies that provide backbone to the Web, with management that's ahead of the curve in expertise, and backed by savvy Net partners. Right now he is high on Concentric Network (CNCX), which provides small- and midsize business customers with easy-to-use Internet business solutions, including high-speed digital-subscriber-line access, Web-hosting, and e-commerce.
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