First Atlanta Securities, LLC Announces Investment Opinion on StupidPC.ATLANTA--(BUSINESS WIRE)--Oct. 13, 1999-- First Atlanta Securities, LLC announced that it has initiated coverage of StupidPC, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: STPX STPX Systems Training Program Exercise ). STPX, headquartered in Atlanta, sells Personal Computers, Notebooks and related equipment under the name sTupidPC. Prices of STPX's computers range from $600 for the base model up to $4,000 for its top of the line notebook. Highlights from the report: First Atlanta Securities believes that STPX has a put together a strong business plan that will enable it to successfully move forward. Based on the Company's strategic alliances with large technology companies, as well as a new e-commerce site for sales of its computers, First Atlanta Securities believes that STPX is set to turn into a profitable Company by Fiscal Year End 2000. In addition, First Atlanta Securities feels that the Company would be fairly valued trading at 3 times FYE 2000 estimated revenues of $12.8 million, giving it a target price of $5.50 to $6.00 over the next 6 months, and a 12-month price target of $9.00 to $11.00. THIS RELEASE HAS BEEN ISSUED BY FIRST ATLANTA SECURITIES, LLC, A REGISTERED BROKER-DEALER AND MEMBER OF NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). AND SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . |
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