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Technology Stocks : Extended Systems Inc (XTND) -- Ignore unavailable to you. Want to Upgrade?


To: JMS who wrote (5)4/7/1998 5:52:00 PM
From: PCSS  Read Replies (2) | Respond to of 403
 
Amar Senan of Volpe Brown Whelan (415) 956-8120 wrote an Equity Research Report on XTND dated 3/30.

The last sentences of the Investment Thesis Section reads, " A multiple of 20 applied to our preliminary CY99 EPS of $0.64 leads us to a 12-month price target of $13. We initiate coverage with a STRONG BUY(1) rating."

The complete 20 page report is very interesting and educational. If anyone's interested in XTND call VBW to see if you can get a copy.

VBW was one of XTND's IPO underwriters. Lately they have been fairly conservative and forthright with their evaluations irrelevant of their possible interest.