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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.200+2.3%Nov 26 3:50 PM EST

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To: Paul Lee who wrote (5503)1/27/1999 2:39:00 PM
From: Paul Lee  Read Replies (1) of 9236
 
BancBoston Robertson Stephens Reiterates Buy on Aware Inc.

SAN FRANCISCO, Jan. 27 /PRNewswire/ --The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:

BancBoston Robertson Stephens communications and networking analyst Paul Johnson today maintained his Buy rating on Aware Inc. (Nasdaq: AWRE). The company, headquartered in Bedford, Mass., is an intellectual property company that produces ADSL (Asymmetric Digital Subscriber Line) technology.

"Aware reported a strong December quarter, beating our revenue and earnings per share estimates," said Johnson. "We are not changing our estimates for fiscal 1999, however, we continue to view our estimates as conservative."

"The company's strength in the quarter came from the continued acceleration of the market for ADSL solutions," said Johnson. "This strength was reflected in its balance sheet performance. Aware's net cash position increased by $1.7 million."

Clients interested in receiving more information should contact their salesperson at 415-781-9700.

BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request.
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