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| ![]() | ![]() JANUARY 14, 2005
![]() WORD ON THE STREET Piper Jaffray Upgrades Ask Jeeves Analyst Safa Rashtchy says a recent study shows that the Internet search engine remains a meaningful search alternative and is gaining faster than its peers Piper Jaffray upgrades Ask Jeeves (ASKJ ) to outperform from market perform. Analyst Safa Rashtchy says research and a just-released study by Keynote System, show that Ask Jeeves is gaining most in increased customer satisfaction and suggests strongly that Ask Jeeves is not only remaining a meaningful search alternative, but gaining faster than most peers. He notes his latest search usage index suggests the company had the highest gain among other search engines, with an 18% sequential rise in usage. He would be aggressive buyers of Ask Jeeves ahead of Yahoo's earnings per share release next week, which is likely to set a trend for growth expectations in the search market. Rashtchy ups his 95 cents 2005 GAAP earnings per share to 99 cents and his $32 target to $40. ![]() All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
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