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Technology Stocks : STARBASE (SBAS)- InfoWorld Hot Product Review -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (1170)	4/17/2000 2:37:00 PM
From: David in Ontario	Read Replies (1) \| Respond to of 1502

Kaufman Bros comment on SBAS, April 14: Just a matter of riding it out... From RB: ragingbull.com SBAS Kaufman Info 04/14/00: M O R N I N G N O T E S KAUFMAN BROS., L.P. Call the KBRO Trading Desk at 1-800-807-8723 Click Here to See More KBRO Research STABASE CORP. (SBAS $5 1/16) RATING: STRONG BUY PRICE TARGET: $38 ACCELERATING GROWTH IN 4QFY00 ANTICIPATED We believe StarBase will announce favorable results for 4QFY00 (ended March 31, 2000), achieving our estimate of $5.4 million in revenues. This represents growth of 150% over 4QFY99 and 32% sequential growth over 3QFY00. In the prior quarter, the company achieved YoY growth of 121% and 11% sequentially over 2QFY00. In addition, SBAS should generate about three weeks of revenue in 4QFY00 associated with the previously announced Premia acquisition. Including Premia, we believe the 4QFY00 YoY growth should be approximately 160%. SBAS should report 4QFY00 results in mid-May. JUMP START ON 1QFY01 We believe StarBase has "jump started" 1QFY01 (ending June 30, 2000), with a strong pipeline of orders in backlog. This provides upside to our estimate of $6.5 million in revenue, not including revenue associated with the Premia acquisition. Yesterday, the company completed its acquisition of ObjectShare (OBJS $0.50), which should provide 0.09172 shares of SBAS for each share of OBJS. We believe the company continues to build its pipeline of substantial end-user and OEM opportunities for 1QFY01. Expected accelerating growth in 4QFY00 and upside to our 1QFY01 estimates reinforce our STRONG BUY rating. April 14, 2000 Peter Jacobson Communications Software 212-292-8131 pjacobs@kbro.com