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Technology Stocks : Lightbridge (LTBG)
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To: Clam Clam who wrote ()3/5/1998 5:08:00 PM
From: Nils Mork-Ulnes   of 202
 
FWIW, this appeared on individual Investor's site today:

Baird analyst weighs in with a
"strong buy"; we concur (3/5)

Robert W. Baird analyst Robert Venable has initiated coverage
on LTBG with a "strong buy" rating. Mr. Venable expects
LTBG to earn $0.43 per share this year, and sets a target price
of $21, which would represent 62% appreciation from these
depressed levels.

Mr. Venable likes LTBG for the same reasons that caused us to include the company in our
1998 Magic 25 portfolio. He agrees that the breadth of its product line is unmatched, and cites
the recurring blue-chip revenue base as a source of good earnings visibility. Another important
aspect of Mr. Venable's recommendation is the need for wireless carriers to automate back office
support functions. In an era of intensifying competition and increasing fraud and churn, carriers
need to eliminate potentially troublesome accounts, and quickly activate those that are deemed
good. We have made these same points several times in citing LTBG's fundamental strength.

Mr. Venable believes that the recent revenue shortfall was a one-time mishap, and that the
necessary corrections are in place to assure that it does not happen again. As for the insider
selling, Mr. Venable points out that insiders own more than 40% of the outstanding shares, and
shouldn't be vilified for lightening their positions.

(Posted on 3/5/98 with LTBG trading at $13.25)

LTBG Analysis Archive

I.I. Online's Stocks of the Day are condensed profiles of companies that may present attractive investment
opportunities. Due to their brevity, further research is imperative before making an investment decision.

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