|DLJ and Robertson Stephens initiate coverage with buy ratings:|
Monday August 7, 9:13 am Eastern Time
RESEARCH ALERT - Divine InterVentures started
NEW YORK, Aug 7 (Reuters) - Donaldson, Lufkin & Jenrette on Monday said it initiated coverage on Internet holding company
Divine InterVentures Inc. (NasdaqNM:DVIN - news) as a buy, with a price target of $20.
-- said the Chicago-based company, which went public last month, invests in Internet infrastructure and business-to-business electronic commerce companies.
-- said the firm has made investments in 53 companies and has about $310 million in cash for future investments.
-- Shares of Divine InterVentures closed Friday at 8-1/2, below its 52-high of 12-7/16 and under its opening price of $9 a share.
Monday August 7, 10:33 am Eastern Time
SOURCE: Robertson Stephens
Robertson Stephens Daily Growth Stock Update On DVIN, IMNY, SWCM,
CPTH, GSPN, and VSEA
SAN FRANCISCO, Aug. 7 /PRNewswire/ -- The following is being issued by Robertson Stephens, a member of the National
Association of Securities Dealers, CRD number 41271:
Divine interVentures (Nasdaq: DVIN - news)
Michael Graham, Internet
``We are initiating coverage of Divine interVentures, a leading Internet incubator,'' said Graham. ``Divine is focused on two fast-growing sectors of the new economy: B2B software and marketplaces and Internet infrastructure software and services. We believe incubators represent an attractive way for public investors to gain access to the private markets, and believe Divine's influence in its target market enables excellent access to the next generation of technology companies springing up from this region.''