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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (808)	1/31/2000 12:26:00 PM
From: Esway	Read Replies (1) \| Respond to of 5499

SAN FRANCISCO, Jan 31, 2000 (BUSINESS WIRE) -- Robertson Stephens Senior eFinance Analyst Scott Appleby today reiterated his Buy rating on Knight/Trimark Group, Inc. (NASDAQ:NITE). "Over the last several days, specific commentary in the market has caused concern with regards to NITE's market share and the possibility of a new high-tech competitor," said Appleby. "We believe this commentary deserves to be addressed." "There has been concern lately that NITE's market share growth is beginning to slow. Instead, we believe that NITE is pulling away from the competition and creating new markets," said Appleby. "NITE's market share gains in the fourth quarter were greater than any other market maker. In addition, January appears to have been the company's strongest month ever, with a significant increase in Autex/OTC market share." "There has also been a myth regarding a new high-tech competitor in the market," said Appleby. "We believe that the most likely entrant on the horizon is the institutional liquidity provider Instinet, and that this 'competitor' could be complimentary to NITE." "We have never felt more confident in NITE's growth prospects," said Appleby. "We are reiterating our Buy rating and our 12-month price-target of $60 to $65 on NITE, as we believe recent weakness in the stock creates a compelling buying opportunity." Clients interested in receiving more information should contact their salesperson at (415) 781-9700.