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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Nine_USA who wrote (241)	12/10/1997 4:30:00 PM
From: janski	Read Replies (1) \| Respond to of 4808

Box Hill Systems Corp. Investment Opinion 'Strong Buy' GAINESVILLE, Fla.--(BUSINESS WIRE)--Dec. 10, 1997--Barber & Bronson Inc. has initiated coverage of Box Hill Systems Corp. (NYSE:BXH - news) with a ''1-Strong Buy'' in the short term and a ''1-Strong Buy'' for long term investors. Box Hill is a leading supplier of high performance data storage systems to the UNIX and Microsoft Windows NT markets. The company recently completed its initial public offering at $15 per share, raising nearly $60 million in capital. Proceeds will primarily be used to fund the company's current expansion throughout the United States, as well as internationally into Asia, Canada, Japan and Europe. Our forecast for next fiscal year, ended Dec. 31, 1998, estimates that revenues will top $100 million and earnings per share will reach $.75, up 46% and 42% respectively, from the current fiscal year. As of Dec. 10, the date of the report, the stock was trading at 14.4 times our estimated 1998 EPS and 2.7 times its current book value of $4.03 per share. Our 12-18 month target price range is $18-20 per share, based on the shares trading at 20 times earnings, or one-half our estimated growth rate of 40%. Barber & Bronson Inc. is a full-service brokerage and investment banking firm based in Miami with offices in New York and Hilton Head, S.C. A copy of the report will be available shortly on our web site at barberbronson.com .