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RESEARCH ALERT- 5 E-commerce companies started
NEW YORK, Jan 31 (Reuters) - Wachovia Securities Inc. said on Monday it had started research coverage of three companies involved with business-to-business e-commerce at strong buy and started coverage of two others with a long-term buy rating.

-- Research coverage of Sterling Commerce Inc. (NYSE:SE - news) was reinitiated with a strong buy rating and a 12-month price target of $51 per share.

-- The fiscal year 2000 earnings estimate for Sterling is $1.70 with the 2001 estimate at $2.10.

-- Shares of Sterling were up 2-3/16 at 29-1/8 in trade on the New York Stock Exchange.

-- Research coverage of Harbinger Corp. (NasdaqNM:HRBC - news) was reinitiated with a strong buy rating and a 12-month price target of $19.

-- The earnings per share estimates for Harbinger for 1999, 2000 and 2001 are $0.27, $0.11 and $0.70 respectively. Shares of Harbinger were up 3/16 at 22-1/16 in trade on the Nasdaq stock market.

-- Research coverage of Datastream Systems Inc. (NasdaqNM:DSTM - news) was reinitiated with a strong buy rating and a 12-month price target of $37 a share.

-- The 2000 earnings per share estimate for Datastream is $0.80. Shares of Datastream were up 3/8 at 19-1/2 in trade on the Nasdaq stock market.

-- Research coverage of Ariba Inc. (NasdaqNM:ARBA - news) was initiated with a long-term buy rating and a 12-month price target of $238.

-- Per share losses for Ariba are estimated at $0.60 in 2000 and $0.35 in 2001. Shares of Ariba were down 5-1/16 at 168-11/16 in trade on the Nasdaq stock market.

-- Research coverage of Commerce One Inc. (NasdaqNM:CMRC - news) was started with a long-term buy rating and a $258 price target. Loss per share was estimated at $0.90 in 2000 and $0.39 in 2001, with profitability being achieved in the fourth quarter of 2001.

-- Shares of Commerce One were down 2-11/16 at 170-15/16 in trade on the Nasdaq stock market.

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