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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: swiss who wrote (1643)	5/18/1999 3:42:00 AM
From: steve harmon - analyst	Respond to of 4337

fbr - more traditional than internet investment banking but the whole sector is undergoing radical change i don't put this in the same group as e*trade (nasdaq:egrp) given fbr's lack of mover status here the ipo shares to its subscribers is a good move the real question is valuation: with investment banking revenues are difficult to predict since they are stock market driven but $623m market cap seems somewhat of a discount to the sector's potential