Thursday, November 30, 2006

Citigroup Sees Value in CNET (CNET) As a Takeover Target

Citigroup analyst, Mark Mahaney, comments on CNET (Nasdaq: CNET): "We are reiterating our Buy and $11 price target and asserting CNET as our #1 Small Cap Internet stock idea. We believe today's price provides a particularly compelling entry point as we view near-term potential upside (30%) as materially greater than near-term potential downside (12%). We continue to view CNET as an attractive acquisition target, with historic M&A deal multiples implying significant upside (30%+) from today's valuation."



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