OFF TOPIC..(PR NEWSWIRE) FS Van Kasper Initiating Coverage on Adaptive Broadband Corporation With a
Strong Buy Rating
SAN FRANCISCO, April 6 /PRNewswire/ -- The following is being issued by
First Security Van Kasper, a member of the National Association of Securities
Dealers, CRD number 7665:
Kevin Dede, Telecommunications analyst at FS Van Kasper, has initiated
coverage on Adaptive Broadband Corporation (Nasdaq: ADAP), ($40 3/16) with a
Strong Buy Rating and a 12-month price target of $70.00.
Below are direct quotations from Mr. Dede's research report:
"We are initiating coverage of Adaptive Broadband Corporation with a
Strong Buy rating and a 12-month price target of $70 based on industry growth
and rapidly improving company fundamentals.
"Adaptive Broadband's new product, AB-Access, addresses the wireless
access market. AB-Access, capable of transmitting data at 25 Mbps, can
simultaneously support video conferencing, Web page requests, teleconferencing
and downstream video feeds in a point-to-multipoint architecture.
"Divested legacy businesses-a broadband pure play. Adaptive Broadband has
concentrated its focus on the development and sale of the AB-Access product.
The company has had experience managing the operation of satellite
communications, video broadcast and data radio businesses."
First Security(R) Van Kasper is a private brokerage and investment banking
firm. Since its founding in 1978 as Van Kasper & Company, the firm has been
providing exceptional services and original investment advice to a select
group of investors and businesses. The firm's offices are located in
San Francisco, Fresno, Los Angeles, San Diego, Newport Beach, San Jose,
Sacramento, and Walnut Creek, California, as well as Phoenix, Arizona and
New York City, New York.
Investments made through First Security Van Kasper: (1) are not insured
by the FDIC; (2) are not deposits or other obligations of, or guaranteed by
FSVK, First Security Bank or any of its affiliates; (3) are not guaranteed by
any Federal governmental agency (excluding U.S. Government and federal agency
securities); (4) and are subject to investment risks, including possible loss
of principal amount invested.
The study on these pages is not a complete analysis of every material fact
regarding any company, industry or security. The opinions expressed herein
reflect the judgment of the author at this date and are subject to change
without notice. Facts have been obtained from sources considered reliable, but
are not guaranteed. First Security Van Kasper, its directors and employees and
their families may have a position in the securities of the companies
described herein, and may make purchases or sales while this report is in
circulation. Additional information is available upon request.
SOURCE First Security Van Kasper
-0- 04/06/2000
/CONTACT: Jackie Tai of First Security Van Kasper, 415-391-5600/
/Web site: fsvk.com
(ADAP)
CO: First Security Van Kasper; Adaptive Broadband Corporation
ST: California
IN: FIN TLS CPR
SU: RTG
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ME OWNS ZERO...thought some might be interested in Van Kasper information |
