Daily Growth Stock Update

Business Wire, April 20, 2000

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--April 20, 2000

Raising Estimates

Keynote Systems, Inc. (NASDAQ: KEYN) 2000 EPS: ($0.16) from ($0.39) 2001 EPS: $0.24 from ($0.12) Buy Marshall Senk, eBusiness Software

"Keynote reported second quarter fiscal 2000 revenues and earnings-per-share, which significantly beat our estimates," said Senk. "The company outperformed on the subscriptions line and operating metrics were quite strong as well. Keynote is yet another top-performing name in our space that has been beaten down recently by the overall NASDAQ weakness. The company's strong operating metrics and dominant, strengthening position in a wide-open and critical market continue to make Keynote one of our top picks in our space."

Phone.com (NASDAQ: PHCM) F2000 EPS: ($0.41) from ($0.52) F2001 EPS: ($0.75) from ($0.79) Buy Marianne Wolk, Communication Services

"Phone.com reported revenue and earnings-per-share of $18.7 million and ($0.08), easily topping our estimates of $15.2 million and ($0.16)," said Wolk. "While we believe the reported financials were impressive, we were most excited about increase in active wireless data users - now two million strong."

Preview Systems (NASDAQ: PRVW) 2000 EPS: ($0.93) from ($0.99) 2001 EPS: ($0.30) from ($0.31) Strong Buy John Powers, eNetworking Software/Enablers

"Preview Systems delivered another strong quarter, beating our expectations," said Powers. "Software distribution, the core of the company's businesses, continued strong throughout the quarter. Preview Systems is making significant progress toward establishing itself as the leading platform for the digital distribution of music."

Ticketmaster Online-CitySearch (NASDAQ: TMCS) 2000 EPS: ($0.55) from ($0.63) Strong Buy Michael Graham, Internet

"Ticketmaster reported a solid quarter with revenue upside driven primarily by ticketing sales," said Graham. "We believe the company is deliberately building a high-end local eCommerce network. We see prospects for accelerated growth and higher stock with continued execution of its local eCommerce platform and continued ticket sales momentum."

Estimate Changes

InSilicon Corporation (NASDAQ: INSN) 2000 EPS: $0.05 from ($0.01) 2001 EPS: $0.17 from $0.14 Buy Arnab Chanda, Semiconductors

"InSilicon reported a strong quarter with revenue and margin upside," said Chanda. "We believe there is upside to our estimates and growth should begin to accelerate driven by new products as we go through F2000 and F2001."

Conexant Systems, Inc. (NASDAQ: CNXT) F2000 EPS: $0.90 from $0.83 F2001 EPS: $1.13 from $1.00 Buy Arun Veerappan, Communications and Semiconductor Devices

"Conexant reported a solid March quarter beating our estimates," said Veerappan. "Given the higher-than-forecasted revenue, steady gross margins, and existing strength in the company's key businesses, we are raising our revenue and earnings-per-share estimates."

Applied Micro Circuits Corporation (NASDAQ: AMCC) F2001 EPS: $0.79 from $0.71 Strong Buy Arun Veerappan, Communications and Semiconductor Devices

"Applied Micro Circuits reported March quarter revenues of $57.0 million, up 25 percent quarter over quarter and $5.3 million better than our estimate," said Veerappan. "Based on the company's strong performance during the March quarter and our belief that business conditions continue to be very favorable, we are raising our fiscal year 2001 estimate."

SanDisk Corporation (NASDAQ: SNDK) 2000 EPS: $0.89 from $0.79 2001 EPS: $1.10 from $1.00 Strong Buy Arnab Chanda, Semiconductors

"SanDisk continues to see strong demand from the industrial and telecom sectors," said Chanda. "We believe that given the benign pricing environment, there could be significant upside to our estimates."

Paradyne Corporation (NASDAQ: PDYN) 2000 EPS: $0.41 from $0.26 2001 EPS: $0.81 from $0.42 Buy Paul Johnson, Communications/Networking

"Paradyne reported strong first quarter financial results, beating our and Street consensus estimates for both revenues and earnings-per-share," said Johnson. "We are raising our estimates substantially for the company's broadband product offerings, recent large DSL wins and our greater confidence in the company's business model."

Robertson Stephens maintains a market in the shares of InSilicon Corporation, Sandisk Corporation, Conexant Systems, Inc., Applied Micro Circuits Corporation, Keynote Systems, Inc., Paradyne Corporation, Phone.com, Preview Systems, and Ticketmaster Online-Citysearch and has been a managing or comanaging underwriter for or has privately placed securities of InSilicon Corporation, Sandisk Corporation, Applied Micro Circuits Corporation, Keynote Systems, Inc., Paradyne Corporation, Phone.com, Preview Systems, and Ticketmaster Online-Citysearch within the past three years.

For more information, please contact Meredith McKeon at (202) 326-1715.

Robertson Stephens is the leading full-service investment bank focused exclusively on growth companies. The market leader in technology IPOs, Robertson Stephens completed 103 deals in the US and Europe in the first quarter of 2000, valued at $40 billion, including 103 IPOs, follow-ons and convertibles and 37 M&A deals. This compares to the 1999 year-end total of 384 transactions, valued at $100 billion, including 233 IPOs, follow-ons and convertibles, 66 private capital deals and 85 M&A deals. The firm's 47 equity research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens (Legal name: FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE: FBF) and a member of the NASD and all major exchanges. Together, Robertson Stephens, FleetBoston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. has over 1,200 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, Atlanta, London, Munich and Tel Aviv.