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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (17903)	12/7/1998 12:38:00 PM
From: Scrapps	Respond to of 22053

Bandwidth Wars: BancBoston Robertson Stephens Reiterates Buy Rating on Aware SAN FRANCISCO, Dec. 7 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior networking and telecommunications analysts Paul Johnson today reiterated his Buy rating on Aware (Nasdaq: AWRE - news). Aware, located in Bedford, Massachusetts, is an intellectual property company. The company's core technology relates to ADSL (Asymmetric Digital Subscriber Line) technology. ADSL, or some variant, is believed to be the technology that will be used by traditional phone companies to deliver broadband access to their residential and small/medium business customers over traditional telephone lines. ''We believe there is an opportunity for upside surprise in revenues and earnings as the market for broadband access begins to develop and accelerate over the next few years,'' said Johnson. ''In our view, Aware has emerged as a leading vendor of intellectual property in the market for broadband access over traditional phone lines. Furthermore, we believe Aware will have the opportunity to fully exploit the market's development.'' Johnson also pointed out that relative to the two most prominent technology IP companies, MIPS and Rambus, Aware has an attractive enterprise value to revenue ratio coupled with strong revenue growth. He believes that these two factors are not fully reflected in today's stock price. ''In addition, both MIPS and Rambus are operating at or neat their respective operating models, while Aware is approximately two years away from reaching its operating model targets,'' said Johnson. ''As such, we believe the possibility of multiple expansion combined with increased profitability over time should continue to drive the stock.'' BancBoston Robertson Stephens is a leading international investment-banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, 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. 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.'' BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. NOTE: Clients interested in receiving reports, please contact your salesperson directly. The poster does hold a position in AWRE. ;o)