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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Scrumpy who wrote (49829)	7/12/1999 8:57:00 AM
From: nokomis	Read Replies (4) \| Respond to of 120523

Scrumpy and all: did you see this upgradae for NITE this morning? Yes!!!! News Story NITE - NASDAQ /FROM PR NEWSWIRE LOS ANGELES 213-626-5500/ TO BUSINESS AND TECHNOLOGY EDITORS: EOFFERING's EFinancial Services Analyst Gary R. Craft, CFA Initiates Coverage on Knight Trimark (NITE) with a Buy Rating SAN FRANCISCO and NEWPORT BEACH, Calif., July 12 /PRNewswire/ -- EOFFERING's EFinancial Services Analyst Gary R. Craft, CFA has initiated coverage on Knight/Trimark (Nasdaq: NITE) with a Buy Rating. Knight/Trimark is a risk-bearing market maker. In addition, it is the leading Nasdaq market maker and, through its Trimark subsidiary, the leading third-market market maker (in listed securities). According to Craft, "Any investor, analyst, portfolio manager, institutional salesperson, or market observer cannot avoid this company. Due to its increasing market share, it is ubiquitous in the U.S. equity markets. In top Internet shares, Knight captures as much as 2-3 times the market share of the closest competitors, which invariably prove to be Schwab's market-making facility and Herzog. We believe the Street continues to underestimate the power of Knight's network-like model, where the greater the customers/order flow, the better the service, pricing, and profitability. We are comfortable with a $90 price target, or 45 times Year 2000 EPS estimates. Though our estimates are now high on the Street, we believe the incredible success of its 1Q:99 results will carry through at least 2Q:99, and Street estimates could once again move higher." Craft bases parts of his investment thesis on Knight/Trimark on his recent publication on U.S. equity market liquidity. Visitors are welcome to review this report, titled "HEAD WEST (THAT'S SOUTHWEST): A Blueprint of Challenges and Opportunities in Today's Equity Markets," as well as his research on Knight/Trimark at the EOFFERING website, eoffering.com. EOFFERING, the online investment banking firm funded in part by ETRADE Group, Inc. (Nasdaq: EGRP) and Sandy Robertson, founder and former CEO of Robertson Stephens & Co., provides full service investment research and capital markets capabilities to institutional and individual investors. This report is available at eoffering.com EOFFERING maintains a market in the shares of Knight Trimark. EOFFERING is a member NASD/ SIPC. Additional information is available upon request. SOURCE EOFFERING /CONTACT: Gary Craft of E*OFFERING, 415-835-1515/ /Web site: eoffering.com