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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (794)	1/22/2000 10:40:00 AM
From: Judy Muldawer	Read Replies (2) \| Respond to of 802

I have owned this for a few years (at a loss) and am glad to see some positive events: Chesapeake Securities Research Corp. Issues a Strong Buy Recommendation on FastComm BALTIMORE, Jan. 20 /PRNewswire/ -- The following is being issued by Chesapeake Securities Research Corp., a member of the National Association of Securities Dealers, CRD number 14161: Chesapeake Securities Research Corp., a Baltimore-based boutique research brokerage house, has issued a Strong Buy Recommendation on FastComm Communications Corp. (OTC Bulletin Board: FSCX) at $3.03 per share on January 10, '00. FastComm is a total system solution provider. It designs, develops and manufactures an easily installed, very price and performance competitive family of network access products. These products reduce multi-protocol network environments to a single seamless transport by using a combination of frame relay access devices (FRADS), routers and switches and communications controllers (CCs). * The projected March/April 2000 rollout of FastComm(TM)'s new ChanlComm(R) 7790 CC should create increased and accelerating near-term revenue growth. * FastComm's 7790 CC has more high speed comm. lines than IBM's and Cisco's CCs while providing compelling price and operating expense savings. These combined performance and economic benefits should enable FastComm, over the next 3-4 years, to take a "small 5-7% bite" out of the $3 billion IBM mainframe worldwide CC market now dominated by IBM and Cisco Systems. * Profitability is projected to occur in April, the last month of FYE (4/30) 2000. Chesapeake projects sales to grow from '99's $4.7 to an estimated $9.1 million by 4/30 2000, $28.5 million in 2001 and $58.4 million in 2002. Positive and significant earnings-per-share growth are projected in fiscal 2001 and 2002 of, respectively, $0.34 and $0.76 (on a LCF basis). * 12-Month Target Price Is $9 - $12 Per Share. In order to apply for re-listing on NASDAQ Small Cap, FastComm must maintain a $50 million market cap for THIRTY (30) consecutive trading days, which requires a minimum closing price of $2.43. This NASDAQ small cap re-listing application requirement could be satisfied sometime around mid-February. For a copy of the full 17-page FastComm Communications Corporation's Strong Buy Recommendation, please contact Chesapeake Securities at 410-296-7740.