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To: Boonear Siangchin who wrote (803)	12/24/1999 12:07:00 PM
From: Rob Preuss	Respond to of 1762

Great article, dated 12/21/99... [DMIC Price Target: $29] america-invest.com 10 Stocks to Watch Gain 44% in 3 Months Tuesday, Dec. 21, 1999 13:41 PDT By Richard Hefter, America-iNvest.com This isn't just a retrospective, so bear with us for a moment while we gloat: On September 9, we gave you our 10 MicroCap Stocks to Watch. Chief among them was Adaptive Broadband (ADAP), which builds wireless and satellite-based systems to support ultra high- speed Internet access. On that day, the Sunnyvale, Calif.- based company announced it had successfully demonstrated how voice and data can be effectively bundled over the Internet. Since then the stock has more than doubled from 31 7/8 to 73 3/8. Adaptive wasn?t the only gainer. Workflow Management, Inc. (WORK), acquirer and integrator of graphic arts companies, has doubled from 13 * to 26 1/8. Hot Topic (HOTT), mall-based specialty retailer of music- licensed and music-influenced apparel, has risen from 27 3/16 to 48 5/8. Molecular Devices (MDCC) has added nearly 10 points to 37 3/8. Online financial publisher Telescan (TSCN), which has a strategic relationship with our parent company, GlobalNetFinancial, is also up nearly 10 points to 23 . Market researcher NFO Worldwide, Inc. (NFO) gained 8 points to 21 11/16. Agribrands International (AGX), Actrade International Ltd. (ACRT) are arelatively flat, with Coulter Pharmaceutical Inc. (CLTR) and Koala (KARE) being the only losers, off just a point to 18 25/64 and 13 respectively. As a whole, however, the 10 are up a whopping 44.4%, compared to just 5.3% for the S&P 500 during the same time period. One new stock that could follow the pattern of the above 10 is Digital Microwave (DMIC), recommended to us by Needham & Co. analyst Rich Valera, the same analyst who pointed us to Adaptive Broadband. "We believe strong buy-rated Adaptive Broadband and buy-rated Digital Microwave have the strongest product cycles of our covered companies and as such should command premium valuations relative to other companies in the group," he says. Valera believes the San Jose-based company has a commanding position in the high capacity (OC-3) point-to-point radiomarket with a product called Altium, the only 256 QAM OC-3 radio available and which is shipping at a broader range of frequencies than any competing products. He adds, "We believe DMIC is on the verge of announcing another OEM agreement of similar magnitude to the $100 million-plus three year agreement signed in October." Trading at $20 1/8 with a target of $29, it's another stock to watch. Richard Hefter is editor of America-iNvest.com.