Here's an interesting call where these guys gave Netro a Hold rating on 5/26, which was also a day that closed at 26 1/2 which means they missed an 83% move based on the price of 48 1/2 which just passed. They must feel pretty stupid. At least, they can now upgrade.
Regards, Mark
First Security Van Kasper Initiating Coverage on Netro Corporation With Hold Rating
May 26, 2000 09:44 AM Eastern Time
SAN FRANCISCO, May 26 /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 and J.P. Mark at FS Van Kasper, have initiated coverage on Netro Corp. NTRO with a Hold rating.
Below are direct quotations from Mr. Dede's and Mr. Mark's research report:
-- "We are initiating coverage of Netro Corporation with a Hold rating.
-- In our minds, the company's sales and the ultimate market potential for its new product designed for broadband, point-to-multipoint wireless data access warrant a careful look by the investment community.
-- We think that wireless solutions have distinct advantages versus their terrestrial peers, especially at the point of access to the end-user.
-- Netro's broadband, wireless solution, AirStar, is currently deployed in 50 trials, six of which are in pilots and four of which are moving to commercial depolyment.
-- In our minds, Netro is a microwave radio company whose product, while using top-flight ATM-over-the-air technology, is still a microwave radio company. We plan to revisit our rating should the shares realign themselves to more accurately reflect the company's fundamental business."
First Security Van Kasper makes a market in the shares of Aspeon, Inc. and has been a managing or co-managing underwriter for Aspeon, Inc. within the past three years.
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. Van Kasper & Company, 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
|
