Friedman, Billings & Ramsey (FBR) Message Board

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Non-Tech : Friedman, Billings & Ramsey (FBR)

FBR 17.01

-2.2%

Jan 3 4:00 PM EST

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To: Paul Lee who wrote (133)	7/26/1999 3:57:00 AM
From: swisstrader	of 173

From TheBullMarket on FBR and new service offerings: FBR ANNOUNCES EARNINGS Friedman Billings Ramsey Group, Inc. (FBR - $12 ) today reported $5.8 million in net income or $0.12 per share for the second quarter ended June 30, 1999 versus $7.4 million in net income or $0.15 per share for the same quarter a year ago. Revenue for the quarter was $40 million compared with $57 million in the second quarter of 1998. COMMENT: The goals for the firm for the next four months are to roll-out Fund Desktop(SM), which will offer accredited investors private investment partnerships, venture capital and private equity funds, as well as Research Desktop(SM), which will offer both FBR's research and research from third parties. Later in the year, they plan to introduce DAE (direct access execution) Desktop(SM) to provide active investors with a highly efficient, alternative way to trade online with Level II trading information. The firm has big plans and is dedicated to growing the business. If you have a position in FBR, you should read the entire Press Release at: biz.yahoo.com

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