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Technology Stocks : FBN Associates - Year 2000/Y2K IPO!!! -- Ignore unavailable to you. Want to Upgrade?

To: username who wrote (328)	4/1/1998 3:02:00 PM
From: jhild	Respond to of 2770

Sounds like a good move. The bid is moving up a little right now. This could be the beginning of the closing rally. The Dow is picking up to the upside. All we need is a little push here. And there it goes, it just gapped a point.

To: username who wrote (328)	4/1/1998 3:03:00 PM
From: Squeals Like Pig	Read Replies (2) \| Respond to of 2770

An upgrade? When I first saw a copy of the Dumbarton report it was only a buy. That was here: magneticdiary.com Just found this on the wires: BA Dumbarton & Oakes Initiates Coverage of FBN Associates With a Strong Buy Rating Washington, D.C., April 1 /PRNewswire/ -- BA Dumbarton & Oakes research analyst Katharine Schell initiated coverage today on FBN Associates (Nasdaq: FBNA) with a Strong Buy rating and a 12-month price target of $64.38. Schell has been forced to revise her own estimates more than once recently in light of astonishing revenue growth on the part of the quondam start-up. "Not everyone wanted to follow this company", says Schell. "But now they are laughing on the other side of their faces". Schell believes that substantial upside potential will be realized, thanks to several factors which include: faster than forecast improvement in operating margins, driven by strong demand for the company's newly launched FBN NeuralNet2000(TM) a revolutionary mainframe-based daughterboard utilizing TechniClone's CxBS neural network chip set. NeuralNet 2000ú and its companion niche product, Prayer2000ú are expected alone to account for a 1766% increase in FBN,s FY98 net income. Given this, Schell has adjusted her FY98 revenue estimates to encompass an unprecedented gross of $233 million, well above her previous estimate. FBN Associates is evolving from being a minor developer and marketer of utility software programs to a leading developer and marketer of a wide array of software products, with a temporary concentration on Year 2000 compliance problems. BA Dumbarton & Oakes is a leading international investment banking firm focused on emerging growth companies. The firm's 46 senior research analysts cover over 500 companies, even companies working in sectors they don,t know anything about. The information contained herein is bound to be an incomplete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of the Firm, the information upon which such opinions and estimates are based is seldom updated on a regular basis; when they are, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BA Dumbarton & Oakes from time to time performs corporate finance services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies; you must try to understand where their loyalties lie. This information is not used in the preparation of the opinions and estimates herein, because our analysts are not to be trusted with it. Facts and other information discussed have been obtained from sources considered reliable but are not guaranteed. SOURCE BA Dumbarton & Oakes