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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: GS_Wall Street who wrote (3058)	8/4/1999 12:42:00 PM
From: JakeStraw	Respond to of 10027

BancBoston Robertson Stephens Reiterates Buy Rating on NITE SAN FRANCISCO, Aug. 4 /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 senior eFinance analyst Scott W. Appleby today reiterated his Buy rating on Knight/Trimark Group (Nasdaq: NITE - news). The company is a leading market maker in Nasdaq securities, other over-the-counter equity securities and equity securities listed on the New York Stock Exchange and the American Stock Exchange in the Third Market. ''We are reiterating our Buy rating on Knight/Trimark, as we believe the company's current share price represents a very compelling investment opportunity,'' said Appleby. ''In our view, concerns over interest rates, declining Internet stock trading volumes, competition from ECNs and the recent lock-up expiration, have lead to the stock's decline. ''Knight/Trimark is currently trading at only 18.9 times our calendar 2000 earnings-per-share estimate of $1.95 and 4.7 times our calendar 1999 revenue estimates of $908.6 million,'' said Appleby. ''We believe the company's projected-annual-growth rate of 35 percent, leadership position, consistently strong profitability and in our view, unique technology, make this stock very attractive at the current price.'' Clients interested in receiving more information should contact their salesperson at 415-781-9700.