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To: nokomis who wrote (70420)	11/9/1999 12:40:00 PM
From: Mr. Stress	Read Replies (1) \| Respond to of 120523

Tuesday November 9, 11:31 am Eastern Time RESEARCH ALERT - SG Cowen starts Jacada at buy NEW YORK, Nov 9 (Reuters) - SG Cowen Securities analyst Rehan Syed said Tuesday he had initiated coverage of Israeli software firm Jacada Ltd. (NasdaqNM:JCDA - news) with a buy rating. -- Shares of Jacada were off 13/16 at 30-7/8 on the Nasdaq stock market. -- Syed said Jacada has a strong position in a new and fast-growing market category and is well differentiated with high productivity and robust products. -- said that although company is based in Israel, its primary revenue base is in the U.S. market. -- said company is off to a solid start with more than $9 million in revenue for 1998, and revenues are expected to grow by about 50 percent in 1999 and 2000. -- Since the market is still new and the company needs to aggressively capture market share, it has recently stepped up its infrastructure build-out by hiring more aggressively and is expected to break-even by the end of 2000, Syed said. -- said company's stock has performed very strongly, up about 200 percent from its the mid-October initial public offering price of $11 per share.