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					M ost C om m on W a y s to U se
          B a se l i n e
Key Stats
     (Key Statistical Information)…………………………………….…..……………………..           4

Price Action
     (Price Action Charts)…………….…………………………………………….…………...                10

      (Graph and Compare Fundamental Data)……………………...…………………………..        18

     (Create and Maintain Portfolios)……………………………….…………………………..           22

    (Search the Baseline Universe or a Queue)……...…………………………             27

     (Build a Customized Report)………...……………………………………………………..             29

     (Basic Print Operations)…………………………………………………………………….                 33

Portfolio Snapshot
     (In-depth and Graphical Portfolio Analysis)……...……….….……………………………   36

Due Diligence
     (Financial Statements and Ratios)…………………..…………..………………………….         40

One/Three Pager
     (Customizable One/Three Page Synopsis)…...…………………….………………………        42

     (Create and Print Custom Templates)….………..………………………………………….         44

     (Customize and Define Baseline Defaults)……...………………..………………………...   46

     (To a Spreadsheet or Text File) …………...………...……………………………………..       51

     (From a Spreadsheet or Text File)....….……………………………………………………         53
                                          Key Stats

                                        The Basics…

“Key Stats” offers a thorough list of statistics on a stock-by-stock basis. Two data items
can be viewed simultaneously using the left and right windows.

To begin, click the Key Stats icon, located on the top toolbar. At the bottom of the
screen enter a ticker symbol in the appropriate space and click the View button.

After entering a ticker symbol, the buttons shown below will appear in the lower right of
each Key Stats window. These buttons will help navigate the information.

??   Click on a data item once to see its underlying information
??   Click More To open the first window of information
??   Click More to open up the "flip side" of the window
??   Click Close to close out both windows
??   Click More to open up the first window
??   Use arrow up and down to scroll up and down the list of data items

When applicable, select the following buttons to view more options.

?? Click      to change the presented values to a dollar amount, or click       to view the
   value as a percentage.

?? Click            to view earlier or later years.

?? Click       to view a footnote.

                                          What If…?

Many Key Stat windows are dynamic. This means you can do "what ifs" whenever the
vertical arrow buttons are displayed in the lower right-hand corner of the window. Please
refer to the following example.

                                                                                 Here, the stock price
                                                                                 adjusts with the ratio’s

                                                                              Using these arrows you can
                                                                              manually change the ratio.
                                                                              As you adjust the ratio’s
                                                                              value, the stock price, shown
                                                                              above, adjusts with it.

Scenarios, such as the example shown above, give you the opportunity to see how
changes in certain ratios may affect the price of the stock. This feature is available for
P/E Ratio, Price Momentum Value, and Key Ratios & Measures.

          Monitor Earnings Estimate Revisions For Your Portfolio

?? When in Key Stats, you have the option to view critical earnings estimate
   information for your entire portfolio!

?? Click on            to recall the queue you would like to view.

?? Click on           to browse all of the tickers in the queue. The first ticker in your
    queue will appear, then click on        to scroll through the remaining tickers.

?? Using             , highlight one of the three choices under Estimated Earnings - First
   Call or I/B/E/S: Current Quarter, Year Ending (current year), and Year Ending
   (Next Year). Arrow to the one you would like to view and select            . The graph
   of estimate revisions will appear, depending on the time chosen. On the next page is
   an illustration of SEP ’99.

?? By continuing to click on     , you will see the estimate revisions for each stock.

                 “In-House” and “Street” Earnings Estimates

Earnings estimates generated In-House can now be entered for any company in Baseline.
Earnings Estimates can also be entered for Indices, S&P Industries, and S&P Sectors. In-
House earnings estimates will be displayed in Keys Stats, Report, the One Pager and
Valuation. The In-House numbers are always displayed in yellow to distinguish them
from the Street earnings estimates, which are in green.

Before Entering Earnings Estimates:

Click on       & select the Customize Tab. You will see a section for Analyst's Name
and one for Company Name.

Under Analyst's Name fill in your information, which will be used for Detail Window
and Forecast Estimate. Below Company Name enter the appropriate information for
Detail Window, One Pager, and Report. This only needs to be done once and then
remains as the default.

NOTE: Users have the option to set a default between ‘In-House’ and Consensus
Estimates for Key Stats and the One Pager. This default allows the user substitute the
‘In-House’ estimates where the Consensus estimate would ordinarily appear.

                                Enter Your Estimates…

?? Click on          , and then double click on Earnings Per Share - % Change.

?? Click on         to select the historical and projected EPS table.

?? Click on             in the lower left-hand corner, you will then see the EPS input
   panel for entering estimates.

?? Enter your estimates for the desired periods. You can enter up to 12 quarters ahead.
   When finished, click OK. The system returns to the detail EPS table that now
   displays the In-House Estimates you've just entered.

                            Changing the Analyst’s Name

In Key Stats, click on                      and the following window will appear:

Change the name and phone number of the analyst to any new listing, then click on OK.

NOTE: All changes will automatically be reflected in Housekeeping and will become the

                         Daily Earnings Announcements…

The daily earnings announcement queues show the stocks that have reported earnings on
a specific day of the week.

?? Select          .

?? Select the ‘Baseline Queues’ group.

?? Arrow down to the Monday through Friday queues. Click on a day in order to view a
   queue, which lists the companies that reported earnings on that particular day.

??   Click on            . The selected queue will become active and will be listed in
     the Working Queue window.

                                    KEY FEATURES

?? P/E Ratio: When in Key Stats you are able to toggle between the Consensus
   Estimates and In-House Estimates (if they exist) without leaving the P/E screen. Use
   the button in the lower right-hand corner to switch between the Street (Consensus)
   and House. The toggle will override the Housekeeping default for the current
   company only.

?? Earnings Per Share: The button in the lower right hand corner is an active toggle
   switch between Street and House estimates. The toggle overrides the Housekeeping
   defaults for the current company only. When 'House' is the active option, 'In-House'
   estimates substitute for the consensus data (depending on how completely the data
   was entered) in the following Key Stats sections: EPS detail Table (Earnings per

    Share), 4 Quarter Moving Average Chart (Earnings per Share), and LT Future
    Growth Rate Chart (Earnings per Share).

    NOTE: The Analyst's Name may be changed directly in Key Stats. The changes
    made in Key Stats are dynamic to Housekeeping and will automatically be reflected

?? First Call or I/B/E/S Detail Window: In-House Estimates are displayed side-by-side
   along with street estimates in the First Call or I/B/E/S Detail window. If the client
   does not have the First Call or I/B/E/S Window, they still have the ability to see their
   In-House estimates for any period that has been entered.

?? Corporate Profiles: Corporate Profiles offers a complete informational resource on a
    stock's history, business trends, officers, compensation, geographic breakdown, and

?? Research Spotlight: Research Spotlight gives an explanation of the companies that
   cover each stock, who the analyst's are, what the recommendation is (buy or sell), and
   how current the information is. Within Research Spotlight you may select the
   following items:
        1. Research Coverage - Lists the companies who cover the stock. Double click
           on the company name to see the analyst's information (name, address, phone
        2. Research Headlines - Lists each analyst’s recommendations for the stock
           (Buy, Sell, etc.). Double click on the name to get the details of the
           recommendation, who the analyst is, when it was last adjusted, plus a one-line
           comment provided by the analyst.

                          Using Price Action Effectively
                                        The Basics…

Price Action Charts can be constructed for all of the issues found within the Baseline
Universe. This includes stocks, indices, Mutual Funds (NAV only), Commodities,
Interest Rates, and Foreign Exchange Rates. This feature allows you to view pricing
information for one or more tickers(compared by % change), dating as far back as 15

To create a chart you simply enter a ticker and click on       . By clicking the MORE
button you may choose additional options:

The MORE button reveals additional options available for the Price Action Chart:

TIME PERIOD - Change the period displayed from less than a year to 15 years, or
choose specific dates by clicking the Time Period button.
MOVING AVERAGES - Graph as many as six ticker symbols at once. Use one space
between each entry indicating the number of days for the moving average line.
RELATIVE STRENGTH - View the relative strength of the stock compared to the
Baseline Universe and the relative performance of the stock to the S&P 500 Index by
selecting the Relative Strength button.
CALENDAR - Use the Calendar feature to insert a calendar on the chart for selecting the
price of a specific date, as well as absolute and relative % change between two specific
TECHNICAL INDICATORS- This feature allows you to overlay MACD, Stochastics,
Bollinger Bands, and RSI on a Price Action Chart. A Detail Box shows you the
underlying data points for these indicators.
         ?? MACD – The difference between the 12-day and 26-day exponential moving
             averages. There is also a second signal line which is a 9-day moving average
             of the MACD indicator.
         ?? Stochastics – Is an oscillator that compares where a security’s price closed
             relative to its trading range over the last n-days. The default time period is 14
             days. The values range from 0-100% where the higher the value, the more
             overbought the reading.
         ?? Bollinger Bands – A type of envelope that was developed by John Bollinger.
             Where a typical envelope is a fixed amount above and below a moving
             average, the Bollinger Bands are a number of standard deviations from a
             moving average. The default is a 20-day simple moving average with the
             bands being +/- standard deviations.
        ?? Relative Strength Index (RSI) – Measures the relative strength of a security
             relative to itself or the internal strength. The default time period is 14 days.
INSIDER TRADING - Can be displayed allowing you to see who purchased or sold
stock in the detail window.
MORE OVERLAYS - By selecting More Overlays you will receive an extended menu
containing additional overlays. The additional selections are:
        ?? EARNINGS - Display the earnings line to see if there has been a correlation
             between earnings & price.
        ?? STOCK SPLITS - View the stock splits, when they occurred, and what the
             split ratio was. This is achieved by moving the cursor over the split ratio in
             the Price Action Chart.
        ?? VOLUME - Select volume to see how many shares are being traded.
        ?? FORWARD EPS ESTIMATES – The forward earnings button will allow
             you to view the projected earnings as well as the historic earnings estimates
             prior to announcement.
        ?? EARNINGS LAGGED 1 YEAR – Forward earnings overlayed, 12 calendar
             months back (Actual earnings overlaying price 1 year ago).

                       Comparing Tickers in Price Action…

Stock Compare allows you to compare the price performance of up to 6 different ticker
symbols at once. These stocks can be a combination of individual stocks, industries,
market indices, or queues. To start, click on the Price Action icon, then enter the ticker
symbols, placing a space between each. If you would like to make one of those tickers
the base of the comparison, place an asterisk immediately after that ticker symbol.

            See the following examples for possible comparisons:

Comparing Companies to a S&P Industry Group:
Add .I after the ticker symbol to include the industry group.

Comparing a Company To Its Industry Group And A Market Index:
For example, IBM vs. Computer Systems vs. S&P 500.

Comparing Market Indices:
For example, the S&P 500 vs. the NASDAQ Composite vs. the Russell 2000 vs. the S&P

Comparing Industries Market Indices:
For example, the S&P 500 vs. the HC - Drugs Major Industry vs. the Auto Industry.


If you know the industry ticker symbols:

Designating a Ticker as the Base:
Type in the ticker and add an *. For example:

You will now see the Computer Systems Industry held as a straight yellow line in the
middle of the screen and the stocks relative performances is charted against it.

This Price %Change figure is computed by taking the current price minus the price at the
beginning of the time period divided by the price at the beginning of the time period.

The following symbols may be added in order to view a stock’s particular Industry,
Sector, Earnings, Revenue, or Dividend.

       .I – following a ticker for comparison to the S&P Industry.
       .S– following a ticker for comparison to the S&P Sectors.
       .E – following a ticker for comparison to the Earnings Trend Line.
       .R– following a ticker for comparison to the Revenue Trend Line.
       .D – following a ticker for comparison to the Dividend Trend Line.

Comparing a Company to it's Earnings:
By adding an .E after the ticker symbol you can view a Price %Change vs. Trailing 4Qtr
Moving Average %Change chart for the company. These figures are subject to change
depending on what time period you are viewing.

Comparing a Company to it's Revenues:
The Revenues % Change figure is computed using the 4 Qtr. Moving average at the end
of your time period minus the 4 Qtr. Moving Average at the beginning of your time
period divided by the 4 Qtr. Moving Average at the beginning of the time period.

Comparing a Company to it's Dividends:
The Dividends % Change figure is computed using the 4 Qtr. Moving average at the end
of your time period minus the 4 Qtr. Moving Average at the beginning of your time
period divided by the 4 Qtr. Moving Average at the beginning of the time period.

                   Charting Queues & Queue Comparisons…
Charting the Composite Performance of a Single Portfolio

?? Click on         , and recall the queue you want to work with.

?? Next, click on        . When the computer prompts you to enter a ticker, enter in the
   letter Q. You will see the message Calculating Results For Chart A Queue, and
   then the composite chart will appear.

NOTE: If you have saved the individual holdings of each stock, you can view a dollar
weighted ($ wt.) composite by typing in the letters WQ (Weighted Queue). To compare
the difference in performance of your equal weighted queue vs. your dollar weighted
queue, use space for stock compare:

        Charting The Composite Performance Of Multiple Portfolios…

?? Click on          .

?? Instead of entering a ticker, click on       . This will bring up a menu of options
   for ticker comparisons. Click on Alt-Q to select the portfolios (Queues) you wish to

?? Now you will see three panels - Queue Groups, Queues, and Selected Queues.
   First, select your group by clicking on it. Then, click on the queues you wish to
   chart. Each time you select a queue, its name will appear under the selected queues
   section on the right. You can do this for up to six queues.

?? Once you have selected all of your queues, click on View Graph, and the composite
   performance of each queue will be charted.

NOTE: To make one of the queues into a base, just double click on the queue name under
selected queues. An asterisk (*) will appear next to the queue name. If you have any
queues that contain holdings, and would like their composite to be charted as Dollar
weighted, just click in the box next to Dollar Weight Queues.

                                        Price High/Lo…
Price High/Low offers instant valuation information.

* High & Low for the time period of the graph
* Percent Below the Hi
* Percent Above the Lo

In addition, you have the opportunity to view "what if" price scenarios throughout the
Hi/Lo range.

?? Select          and enter a ticker symbol.
    On the top of the Price Action Chart next to the ticker you will see:

?? Click on      and the following will appear:

The percentage above and below the current price over the life of the graph is

?? For "What If" scenarios lay the mouse over the projected price and move it either up
   or down for different price scenarios.

To move the Price High/Lo chart:
? Lay the mouse over the chart.
? Click the left mouse button.
? Drag the chart to the area on the screen you would like it to be and let go of the button.

Use Housekeeping to set the Price High/Low chart as the default:
? Click on the Price Action tab
? Select Hi Lo

                            IPO Performance Measures…

The Initial Public Offering (IPO) statistic can be overlayed on the Price Action chart in
order to visually gauge the performance of the stock since IPO.

To get IPO Statistics to show on your Price Action Chart:

?? Go into         and select:
   1) Price Action
   2) Main Window
   3) IPO Statistics

Once this setting is selected in Housekeeping click on               and the image will
appear on the Price Action Chart.

                                   Set Price Action Defaults…

Option #1
Set up the Price Action Window the way that you would like to see it each time you
return to the Price Action function. (Time Period, Moving Averages, Relative Strength,
appropriate Overlays, etc.).

?? Click on         .
?? Select the Price Action tab. (Make sure you are setting the defaults for the Main
?? Click on                       .
?? Respond Yes to the question, "Use currently displayed Price action Graph settings as
   a default for Main window?".
?? Click               to save and exit.

Option #2
Set up the defaults for the Price Action window without being in Price Action.

?? Click on          .
?? Click on the Price Action tab. (Make sure you are setting the defaults for the Main
?? Select the features that you would like to display. You must select one time period,
   but may choose numerous other selections; such as Moving Averages, Money Flow,
   IPO statistics, etc.

?? Click             to save and exit.

Price Action default for F1 & F2 Windows:

      ?? If you would also like to change the Price Action defaults for the F1 and F2
         windows, just click on the appropriate window, and then follow the same
         steps as above.

      ?? If you would like to change the default range for your Calendar Settings:
             1) Click on                       .
             2) Click on the time period.

             3) By either dragging the white line, or using the start and end date fields,
                select your default time period.


                                       The Basics…

                                VALUATION PANELS
Valuation Panels allow you to see graphical representations of key data for a company.
Simply select the Valuation icon on the top toolbar, enter a ticker symbol, and click on

You will see the Price Action Chart on the top panel. On the bottom, you are able to
display one or two additional panels.

In order to compare key data, you must activate the lower panel(s). You can do so by
simply clicking anywhere on the bottom panel. You will know it is active by the red
border that appears around the panel. Add a third panel by selecting MORE and then
clicking on 3 Panels. Adding a third panel will allow you to use all three panels to
compare key data for a single company.

Click on More to change the data which is being represented on the active graph. You
may select which data to view from among the buttons that appear when right clicking on
a panel (shown below). You may also click on More to view a list of all available
graphing options.

The list allows you to choose from terms which include: Absolute, Relative to Industry,
or Relative to S&P500 using 5 year, 10 year, or 15 year increments of the following:

Observing only one relative fundamental graph can sometimes be insufficient for
performing a thorough company analysis. Baseline allows you to view two relative
fundamental graphs side by side:

In the above example we can see that Microsoft’s P/E is consistently higher than the
market P/E, but is in line with the Software Industry.

These comparisons will allow you to evaluate a company's relative performance, as well
as determine if the performance is an industry-driven phenomenon or if it is company-

                           The Graham & Dodd Model
                Baseline's Proprietary Model helps you answer the Question…

                                      At What Price?

To do this, Baseline creates a framework for relating a stock's price to
the value of its core earnings. Shown graphically, the investor can determine if
the stock's price is high or low.

Baseline focuses on three key fundamental elements:
        1. Interest rates.
        2. The company's earnings.
        3. The price of the stock.

The Graham & Dodd Model, within Valuation, measures the price premium over the
value of the company’s core earnings.

To view the Graham & Dodd Model click on the “Graham & Dodd” button after
entering a ticker symbol within valuation.

                      A graph similar to the one found below will appear.

                          INTERPRETING THE GRAPHS

The Baseline provides an objective foundation against which we can measure a stock's
current price. The higher a stock's price is from its Baseline, the more the investor is
paying for the company's future growth in earnings.

Each quarter, the average of the quarterly high and low prices is taken. The difference
between this quarterly average price and the Baseline is then calculated to determine a
quarterly price premium. This quarterly premium is determined for every quarter in the
period being evaluated. From these quarterly price premiums, a Median Price Premium
is determined. This Median Price Premium is the normal or "fair" premium for the entire

Next, we identify upper and lower benchmarks, which represent +1 and -1 standard
deviations from the median price premium. Price premiums that fall within these
benchmarks, or standard deviation lines, are considered "normal" premiums.

To simplify the presentation, the dotted line (median price premium) is eliminated so that
the stock's normal price premium is clearly displayed between the two benchmarks. Not
only do we see what is normal, but we also see what is not normal.

                                        In Summary

Baseline brings into focus the often-neglected question of price.

Baseline uses earnings and interest rates to set the "Baseline" which is then used as a
consistent reference point to judge whether a stock's price is high or low.

Baseline is graphic so that key fundamental relationships can be easily visualized.

Baseline uses the power of the computer to keep track of ever-changing fundamentals.
While the human mind is unable to keep all facts sorted and organized, Baseline does.
This frees the investment manager to use what the computer will never be able to supply

   For a more detailed explanation, please refer to     (Help), located in the lower
                      left-hand corner of your Baseline screen.

                                   Building a Portfolio

                                         The Basics…

Baseline uses the term “Queue” to represent a list of ticker symbols. This may be the
tickers in a portfolio, an approved list, or a watch list. “Queue” is also used to refer to the
feature, within Baseline, where queues (portfolios) are stored. When you click on the
Queue icon, located on the top tool bar, a box will appear in the middle of the screen.
On the left side of the box are the names of previously saved queues. At the bottom of
the box is a Menu, which contains selections similar to the following:

                                Building a New Queue…

To create a new queue, click on the         button (you may need to select Clear if
Modify appears in place of the Build option), a blue rectangle will appear on the right
side of the screen, this is the Working Queue area. Enter your desired ticker symbols,
one-by-one, pressing the space bar after each complete symbol.

                                    Saving a Queue…

Once all the tickers have been entered, click on           . A blinking cursor will move to
the first available space on the left, enter the name of your queue, and click        again.
Your queue is now permanently saved.

NOTE: The last queue created, modified, or viewed remains in the working queue. The
working queue is indicated by the small green 'Queue Box' in the lower right hand corner
of the main Baseline screen. This Queue will act as the feed for Report, Slideshow,
Print and Autoprint.

                                  Modifying a Queue…

Recall the queue with which you would like to work by double clicking on the queue’s
name. Once the queue has been loaded as the “working queue” click on               . Click
the button near the bottom of the window to delete the ticker symbol, which is
highlighted by the blue rectangle, or click on the button to add an additional ticker

                     Moving a Queue to a New Queue Group

To move a queue from one group to another perform the following steps:

?? Double click on the name of the queue group, which contains the queue that you
   would like to move.
?? Click on          , located in the upper left-hand corner of the queue screen.
?? Click on                       . A list of queues from the current queue group will
   appear on the left and a list of queue groups on the right.
?? Holding down your left mouse button, click on the queue you would like to move,
   then Drag & Drop it into your chosen destination group.

                              Moving Multiple Queues…

To move more than one queue hold down the control key and click on each queue name
that you wish to move while in the Drag & Drop mode. Each selected queue name will
be highlighted in white. While continuing to hold down the control key, Drag & Drop
the queues into whichever group you desire.

                             Moving a Range of Queues…
  To move a range of queues, click on the first queue in the range. Hold down the shift
  key and scroll down to the bottom of the desired range. This will highlight the range
  in white. While continuing to hold the shift key, Drag & Drop the queues into
  whichever group you desire.
                           Creating a New Queue Group…

?? Click on            , t his will open up a list of each queue group in Baseline.
?? Highlight the first blank line in the Queue Group section. Click on           and a
   cursor will appear on the blank line. Type in the name of the new queue group and
   click        (The           key will replace the         key). The new queue group will
   then appear at the end of the Group list.

 * For Network Client's only - the following screen will prompt:

   “Save as a Personal or Network Group?”

   Decide how you want the queue group to be classified, and select that option:
       a) Personal group that is visible only to the machine you are using.
       b) Shared group, which is visible throughout your entire network.

                               Deleting a Queue Group…

?? Click on           in the upper left-hand corner of the screen.
?? Highlight the queue group that you want to delete. Click the     button.
       This will prompt: “Delete all Queues in this Group or Group Name Only?”
       and you will be provided with the following options:
       a) Cancel - Nothing will be deleted.
       b) All Queues - The entire group, including the all of the queues, will be deleted.
       c) Name Only - The group name will be deleted. The queues that are in the
          deleted group are then waiting to be assigned to another group. Recall the
          group to which you would like to add the queues. Select                and then
          select “Update Queue Names”. The screen will prompt:

                “Append Unassigned Queues to PERSONAL QUEUES Group?”

                Choose YES, the queues from the deleted group will now appear.

                                  Uploading a Queue…

If you already have a portfolio in a spreadsheet document, you can upload the file and
automatically create a Baseline Queue.

?? In BASELINE, click on the           icon.
?? Open the Queue Group to which you would like to save the uploaded queue
       Note: queues cannot be uploaded into the Baseline Queue Groups
?? Click on the Upload button in the bottom right hand corner of the window.
?? Click on the Browse button. Locate the file you wish to upload. You will see the first

   line of the selected file in the text box located below the Browse button. Use the
   arrow buttons, on the right side of the text box, to scroll down to the first line of data
   you would like to upload. Use the mouse to highlight the first line.
?? In the middle of the window you will see a list of ‘Security Items .’ These are the
   items that can be uploaded to complete Holdings. To insert the cell address click on
   the cell that corresponds with the highlighted security item.
?? Enter the name of the queue, as you would like it to appear in Baseline.
?? Finally, click on Upload Now.

                  You are now able to view your queue within Baseline!

                                   Archiving a Queue…

The archiving feature was created to give users an accurate representation of their queue
when utilizing the Other Time Period feature in Report and Portfolio Snapshot.
Archiving a queue essentially freezes the queue’s composition on a specific date. Going
forward, the archived composition will not change until the time period changes.

The 3 time periods available are:
        Most recent Year End
        Most recent Month End
        Most recent Quarter End

These time periods appear as queue groups. Network clients will see these groups as
Shared Groups. When a queue is put into one of these groups it is automatically archived
for each respective time period. On an ongoing basis, each time the archived time period
changes the composition for all queues within the Archived Queue group will be saved
“as of” the archived date.

                            Selecting a Queue to Archive…

?? Click on the         icon
?? Click on the             button, which will prompt a menu.
?? Choose the Archive Queues/Groups option. You will see the “Queue Archive
   Manager” screen:
?? To select a single queue, click once on its group. Then click the checkbox next to the
   name of the queue to select it.

NOTE: When this is first done it may be necessary to edit the queue's holdings to reflect
the correct time period.

?? To select all the queues in a particular group, double click the name of that group.
   You will notice that every queue will then have a check next to it.
?? When you are finished click Save Changes.

Archiving can also be done in the Drag & Drop mode. Simply drag the queue you would
like archived into the group of the time period you would like to archive it in.

                               Things to Keep in Mind…

When archiving a queue:
? If a queue is renamed or moved from its original group, it will no longer archive itself
  at the end of each time period.
? If you are on a network setup the queue you wish to archive must be in a Shared Group.
? If a queue is renamed while in the Queue feature, its Snapshot comments will also be
? The tickers in these groups are NOT split adjusted.
? There must be a current copy of the queue in a shared group for it to be archived at the
  end of the specified time period.

                         Searching The Baseline Universe
The search option in Baseline allows the user to search for new ideas and screen for a
group of stocks that meet a certain criteria. There are 10 primary categories to search
from: P/E, Dividend, Earnings Growth, Price, Price % Change, Revenues, Classification,
Capitalization, Ratios, and Proprietary Measures.

?? Click on         .

?? Click on                      .

?? Click the primary topic you want to search on.

?? When the secondary box appears, click on the appropriate item (green indicates an
   item is selected).

?? Proceed to click on the appropriate items in pop-up boxes until the search item
   selected appears in the lower criteria box.

?? Repeat this process for additional search items.
?? Click on              .

                                    Search On A Queue

Searches can also be performed on a specific queue instead of the entire Baseline
Universe. After selecting a queue, you can create your desired search criteria. Instead of
using the execute button to initiate the search, choose the Search On Queue button.

                              Save and Recall A Search…
The Save/Recall button can be used to save specific search criteria and then recall it at a
later date.
         To Save a Format:
         1) After clicking on Save/Recall, select the next available blank line and name
            the format.
         2) Click on Save to accept the selection.

        To Recall a Format:
        1) After clicking on Save/Recall and go to the option you would like to recall.
        2) Click on the Recall button to select the previously saved format.

                               Saving A Queue From Search…

Once you have executed a search you can save the companies that meet your criteria in a

?? After running your search, click on          .

?? Select the queue group you would like to save this queue in:

        a) Click on the down arrow.

        b) Click twice on the appropriate group name, i.e. Personal Queues.

?? Click on                  which will move the cursor to the next available line.

?? Type in a queue name.

?? Click on                  again to accept the name.

                                      Format a Report

The Report feature makes it possible to create customized reports that can be displayed
on screen, printed or downloaded.

                                         To Begin…

?? Click on          , and recall a portfolio. You will be unable to open Report unless you
   first select a queue.

?? Click on         . After clicking on Report, you will see your stocks listed on the left-
   hand side of the screen in full company name.

?? To build a new format, click on                  . A box of broad categories appear on
   the left side of the screen.

?? Now, by clicking on any one of the categories, i.e. P/E, you can select your report
   criteria from the subsequent menu. Each time you click on one of the criteria it will
   be highlighted in green, and the column heading will appear on the right.

?? Once you are finished selecting all of your criteria, click on        , and Baseline
   will load all of the data!

NOTE: Baseline will begin to calculate the data for report as soon as you select               .
As you are formatting the report the numbers are calculating greatly reducing the
amount of time it takes to format a report.

Other menu items include:

              - Gives you the ability to recall or save report formats. This feature
guarantees consistent reports day in and day out.
          - Allows you to rank the securities in a report five different ways: By Company
Name, Industry, Sector, Industry within Sector, and Original Order. You may also sort
by column heading (highest to lowest, or lowest to highest).
                 - Clicking on this icon exports the report to a spreadsheet or text file.
          - Deletes all the info in a report.
            - Returns you to the previous screen.

                           Insert / Delete / Move Columns…

To Insert a Column:
Select Format Report. A cursor, in the form of a pointing hand          , will appear to the
right of the last data column of the report. The position of this cursor indicates where the
next column of data will be added.

You can insert additional columns by dragging the hand with the mouse to the position
where you would like to insert the new column. Now select the data item that you would
like to add!

To Delete a Column:

When a column has been selected, it becomes highlighted in green in the Format Report
Menu. To remove this column, double click on the highlighted selection. After doing
this, the column heading will turn back to white and the heading will be removed from
the report. The selections toggle in and out.

To Move a Column:

Deselect the column that you would like to move. Drag the finger to where you would
like to place the new column and reselect the data item from Format Report.

                                 Recall / Save Reports…

To Save a Report Format:
?? Create the Report format and, click on                  .
?? Your cursor should default to the first available blank line with

?? If              is not outlined in RED, left click on the icon once to activate.

?? Type in a name for your newly created format, on the next available line and click on

?? Click on the X in upper right hand corner of Recall/Save box to close the Recall/Save

Recall a Saved Report:
?? Within report, click on                .

?? This will bring up the Recall/Save window. Highlight the saved format by clicking
   on it once.

?? Click on                 . This will recall your saved report. The saved format will begin
   to load.

                          Export a Report as a Spreadsheet…

?? Bring a queue into Report and format the Report exactly as you would like.

?? Click on                     . This will prompt the following window, be sure to select
   the following items:

        a) Select the Drive that you would like to send it to.
            (The A: drive is generally the floppy disk drive.)
        b) Select the Folder.
        c) Select the File Type: Print Files, Excel Files, Lotus Files, and All Files.
        d) Type in a Name for the file.
        e) Mark the boxes next to Split Hi-Lo Columns and/or Insert Blank Line Every
        Fifth Row, if you would like to see either of these options applied to your new

NOTE: Make sure you take note of where you are sending the file. You may want to
write this down, to make it easier to find the file later.

To create the file you have two options:
        a) If you are sending it to a disk, or do not want to see the file until later,
        click on                .
        b) If you would like to go directly into the application to see the file,
        click on                 .

                  Comparing Your Queues to a Benchmark…

Recall a queue and click on       .

Click on               and the report options will appear.

Review all the benchmarks and indices available for comparison by double clicking on

   For a more detailed explanation, please refer to     (Help), located in the lower
                      left-hand corner of your Baseline screen.


                                         The Basics…

BASELINE can print to any printer supported by the Windows operating environment.
The printer should contain at least one megabyte of memory. Otherwise, the whole page
will not print. When BASELINE is connected to a printer, whatever is displayed on the
screen will print when F7 is pressed.

                                       Print A Screen…

?? Select the screen and then select          or hit the F7 key.

?? This will print only the page you are viewing.

                                       Print a Report…
?? Once you have created and formatted a Report, printing is as easy as clicking on the
   Print icon.

                                       Print A Queue…
Print a Queue in Key Stats, Price Action or Valuation:

?? Select          and recall a queue.

           -This box will appear the lower right hand corner of the screen with the
   selected queue name and corresponding number of tickers.

?? Click on         . This will expand the box to:

?? Click on        and the first ticker in the queue will show on the screen.

?? Click on          and the screen will prompt you with a print options box.

"What is on the screen" will print only the ticker you are viewing.

"Tickers in the Slideshow starting with..." will print the entire queue starting with the
ticker that is being viewed.

NOTE: Printing with "Tickers in the slideshow starting with..." allows you to print from
a particular point to the end of the queue. Just use the arrow keys on your keyboard to
move through the list until you reach the section you would like to print.

                          Print a Queue for a One Pager…

Printing One Pagers for an entire queue is as easy as printing for Price Action, Key Stats,
or Valuation. The first two steps remain the same, but after opening the Slideshow you
select the One Pager icon.

Select       . The screen will then prompt you with a printing box that will give you the
options on what to print. The printing box is similar to the one shown above.

                            Print a Queue in AutoPrint…

?? Recall the queue by clicking on          .
   Once the queue is recalled, it will appear as the working queue in the lower right-
   hand corner of the screen.

?? Select         .
   At this point you should either recall a previously saved AutoPrint format or create a
   customized format from scratch.

?? Once the AutoPrint has been set up, while you are still in the AutoPrint screen you
   must expand the queue window.

?? Click on        . This will expand the box to:

?? Click on the                  button in order to print the AutoPrint.

       Have Your Company Name and a Border Appear in Printouts…

?? Click on        .
?? Click on the Printing tab.
?? Mark the box in front of Use Graph Border, then add your name or company name to
   the space shown below:

?? Click              to exit Housekeeping.

                                   Portfolio Snapshot

                              What is Portfolio Snapshot?

Portfolio Snapshot offers an in depth portfolio analysis from Sector Allocation to
Relative Sector Returns to Portfolio Analytics. You can represent a portfolio
graphically, customize it by adding your own comments, and back up the results with
Baseline's Report information for your Top 10 holdings, Bottom 10 holdings, or the
current sector allocation of your entire portfolio.

                                          To Begin…
Select the Portfolio Snapshot icon located on Baseline’s top tool bar. This will open
Portfolio Snapshot and allow you to click on                     to select one of the five
available charts. To the right you may also make selections for the parameters of your
chosen chart which may include a benchmark, sort criteria, time period options, and
portfolio returns. A brief description of each chart is provided below.

                                      1) Sector Allocation

?? A pie chart which shows the total percentage of holdings, by % of Portfolio Value,
   within each sector of your portfolio.
?? Pie slices are moveable by dragging with the mouse.
?? Edit the color and captions of pie slices by right clicking on the mouse.

                             2) Sector Allocation vs. Benchmark

?? Double pie chart display.
?? Shows the percentage of holdings within each sector of your portfolio and chosen
   benchmark, based on percent of current market value.
?? Pie slices are moveable by dragging with the mouse.
?? Edit the color and captions of pie slices by right clicking on the mouse.

                              3) Sector Over/Under Weightings

?? Shows by sector the percentage a portfolio is over/under weighted as compared to a
   selected benchmark.
?? The chart can be adjusted so that either overweighed or under weighted sectors can be
   shown first.

                            4) Relative Returns vs. Benchmark

?? A bar chart which shows sector performance relative to a selected benchmark.
?? You will also find the % of portfolio value for each sector at the bottom of the graph.

                               5) Sector Bets vs. Stock Picks

?? This graph breaks the portfolio’s performance down to stock and sector performance
   and indicates why you may have performed better or worse than the benchmark.
?? Sector Bets vs. Stock Picks shows you whether your stock selection or sector
   allocation more greatly affected your portfolio’s returns.

NOTE: To the right of the “Select Chart” button you may click the drop down arrow and
choose to graph a single or double chart. A single chart places one chart on the top of
the snapshot and a double chart places two charts side-by-side which can be formatted
separately with the Report Format pertaining to the left-hand chart.

                                     Select a Queue…

Now click on                       to select the weighted queue(s) that you would like to

NOTE: Only weighted queues are available for use in Portfolio Snapshot.

                      Add Personal Comments & Headings…

Next click on                      where you have the option to fill in the name of the
portfolio, account manager, personal comments, and choose whether or not to suppress
these comments in printing. When you have filled in the appropriate information click on

                                   Format the Report…

The final step of creating your snapshot is to select the type of report information that
will appear on the bottom half your printout. First, select the breakdown of the report
type just below the report icon. If you’ve selected Top 10 Holdings, Bottom 10
Holdings, or sector report type, click on                      . This will open the report
column choices. Select any of the choices the same way that you would in Report -
double click on any of the selections and watch them dynamically appear on the preview.
If you would like further help formatting your report, please consult the instructions for
Format Report. Snapshot allows you to select up to 20 columns of information, using the
drag and drop method can move columns.

                                    Proof Statement …

The Proof Statement Button, located below Format Report, steps you through the
calculations in the Portfolio Contribution and Portfolio Analytics reports.

                          Include Your Company’s Name…

Click on                       , located at the bottom of the format report screen, and enter
your Company's name and address. Click on                and then your company name and
address appear in the upper right hand corner of the preview.

                 You have created your custom Portfolio Snapshot!

To save the format that you have created, click on                   . Name your format
and select               . This will save the chosen chart, including the layout and the
queues selected.

                     Take a Closer Look with …
You will be able to take a detailed look at the allocation breakdown of your portfolio
from Sector, to Industry, and to the stock level. Behind each of the Sector names is a
drill-down with more detailed information. The breakdown expands showing the
percentages of holdings within each industry and each stock within the industry of your
portfolio. To learn more about this feature consult “How to…” located in Help.

                      Analyze Your Portfolio Calculations…
A Portfolio Analytics table is available for the “Relative Returns vs. Benchmark” and the
“Sector Bets vs. Stock Picks” charts. This option can be selected below the
                   button. Portfolio Analytics gives you the breakdown of the numbers
being used to generate the graph above.

NOTES:? What you see on the preview is what will print.
      ? The company name is permanently saved and will appear on every snapshot
        until it is changed or deleted.
      ? The setup choices and preview information that are on the Portfolio Snapshot
        will remain there until it is selected or when you restart Baseline.

                                     Due Diligence

                                      The Basics…

Due Diligence information can be viewed by clicking on the Due Dil icon, and then
entering the ticker symbol of the company that you wish to view. The default setting will
be a Yearly Balance Sheet with the data in dollar format. Using the options in the upper
left-hand corner, select the items you wish to view. These are condensed Balance
Sheets, Income and Cash Flow Statements, plus key Ratios. To choose the desired report
you can click on one of 4 buttons, which are displayed below.


Within Balance, Income, and Cash Flow you may choose Yearly, Quarterly, Year to Year
%, as well as Dollar or Percent of Total. Also, within each selection you may click on
the Help button at the bottom of the screen to view the definitions of items found within
that particular statement.


Whenever Preliminary Figures are shown, please refer to the “Filing Status” window.
View this window by selecting Income, Quaterly, and                       . Then select
Preliminary from the following window:

A Preliminary Figures box will appear displaying the company’s filing status. It will
appear similar to the one shown below.

When there are not Preliminary Figures available, the filing deadlines are as follows:

    ? Company has 45 days plus an automatic extension of 15 days after the end of the
      quarter to file its quarterly statement (10Q).

    ? Company has 90 days plus an automatic extension of 30 days after the end of the
      year to file its annual statements (10K).

 Balance Sheet, Income Statement, Ratios, and Cash Flow Information
      Below is an example of a Balance Sheet containing yearly data expressed in dollars.

                                  One/Three Pager

The Baseline One/Three Pager is a customizable one or three page synopsis of key
statistics about the company or industry chosen.

Baseline allows the user to print One/Three Pagers for single tickers or queues (see
Slideshow). The printed copy will include the prior days closing price, a Price Action
Chart. It will also include data on the company’s, Earnings Estimates, Revenues,
Dividends , Ratios, and Beta.

                             Customize the One Pager…

Select the One/Three Pager tab once in Housekeeping. This will allow you to select
from the tabs marked Graph, Text, Label, and Estimates.

       Graph – Allows you to choose a time period ranging from 1 – 15 years. This
       section also lets the user customize display settings by giving them the option to
       turn on and off Relative Strength, Volume, Money Flow, IPO Stats, Insider
       Trading Arrows, and Stocks Splits. Also, a new feature in our 3.0 version gives
       each user the option of scaling the Price Chart to Earnings, Forward EPS
       Estimates, or Earnings Lagged 1 Year.

       Text – This feature allows you to choose the type of comment (Personal or
       Network) that accompany the Business Overview, while giving you the option of
       either using Baseline’s Overview or create your own. You are also able to set the
       Benchmark for the One Pager.

       NOTE: If more text items are selected than will fit on the lower left quarter of the
       page, the text will spill over onto another page.
        Label – In this section you can customize the label that appears on the bottom of
        the One Pager.

        Estimates – Lets you choose between In-House and Consensus earnings

The One Pager is defaulted to use the printer as an output device, but the user may also
customize the setting in Housekeeping. The alternative output devices include Preview,
File, and Clipboard.

                           The Three Pager includes…

The One Pager, plus two pages of key fundamentals.

Additional Pages:
?? Page Two – Includes the six panels showing Earnings Per Share, Earnings (4 Qtr.
   Moving Average), P/E Range, Earnings Surprise, Revenues (4 Qtr. Moving
   Average), and Price to Sales.

?? Page Three – A Relative Performance Chart (the stock and it’s industry relative to the
   S&P 500), Price to Cash Flow, and Price to Book.


                                       The Basics…

AutoPrint allows you to set up a collection of Baseline screens to view or print a single
stock or a queue of stocks. This tool is used for creating and printing custom templates.
It allows you to organize and save a format using features from the Key Stat Window,
Price Action, Fundamental Valuation Panels, or the Graham and Dodd Model.

?? Create a screen within Price Action, Key Stats, or Valuation
?? Click AutoPrint icon to open
?? Click onto a windowpane to "place" your screen on a page
?? Click the AutoPrint icon to close. Repeat steps until you have set up all desired
   pages(up to 16)
?? Use AutoPrint to print a stock or entire queue
?? Use AutoView to step through the selected Baseline views or your screen

You can toggle between pages 1 and 16 using                           .

In version 3.0 you can now choose between 2 or 3 panes per page.

Attachments to the main pages:
Certain items may be added to the AutoPrint. These options may be accessed by clicking
the Other Items button located below the page arrows in the upper right hand corner.

These items will be printed on separate pages after the AutoPrint format runs. All the
additional items offer the option to adjust the orientation of the paper.

Other Items include:
?? One Pager
?? Due Diligence - Financial Statements (yearly or quarterly data)
?? Corporate Profile Information from Key Stats
?? Insider Trading
?? Research Coverage & Headlines
?? Business Overview & Personal and Network Comments
?? Earnings Consensus & Estimates
?? Research Opinion


The Housekeeping feature is used to customize Baseline and set defined defaults. Seven
areas, including Price Action and Key Stats, have properties that can be customized.

Below you can see the seven Housekeeping categories as they appear in Baseline:

                                       Price Action…

The Price Action tab allows users to select default settings for the Price Action's main
window, the F1 window, and the F2 window. The default settings will appear when a
stock is chosen for any of the three windows within Price Action.

Default Changes Available - To choose the window for which you would like to set the
defaults, click on the tab of either the main window, the F1 window, or the F2 window.
The options that are set for each of the three windows will be displayed when the
appropriate screen is opened. These options include time period defaults, moving
averages, and other display options.

Price Action Defaults:
    1) Relative Strength
    2) Volume
    3) Money Flow
    4) Insider Trading Arrows
    5) Insider Trading Arrows and Names
    6) IPO Statistics
    7) Stock Splits
    8) Earnings
    9) Forward Earnings
    10) Price High-Low

NOTE: The only way to select the IPO Statistics feature is by choosing this option in
Housekeeping. There is no way to initiate this option while looking at the Price Action


System Defaults do three things:
    1) Gives information about the computer program that is useful for technical and
       general troubleshooting.
    2) Sets the method that will be used to apply stock splits to queues and states when
       the splits were last applied (for Network users only). Sets the S&P earnings
       numbers to be used.

    3) Allows you to Backup your personal work to the network or a floppy disk and
       Restore previously backed up files to a local Baseline machine. An Automatic
       Backup option allows the user to back up personal work each day.

Default Changes Available

Apply Splits:
Standalone machines and network servers will have splits applied automatically every
night after the update, only if the application is left OPEN.

    On network workstations there are 3 methods available for applying splits:
    1) At night after the update - Every night after the update has taken place all of the
       queues will be adjusted for the stock splits if you leave BASELINE running at
       your workstation.
    2) When Baseline is started (opened) - Every morning when Baseline is opened,
       the queues will automatically be adjusted for stock splits.
    3) Only on demand of the user - Whenever the user chooses. In order to apply the
       splits, the Apply Splits to Queues Now… button must be selected. Until this
       option is selected, the splits will not be applied. Notice the date feature which
       displays the last time stock splits were applied to the queues.

                    NOTE: Split history is only kept for 30 trading days

Reported Earnings:
S&P 500 Earnings:
   1) as published by the S&P (includes extraordinary items).
   2) as adjusted by Baseline (excludes extraordinary items).
   3) as supplied by the user.

NOTE: The S&P 500 Earnings Estimates as given by the S&P include extraordinary
items in the calculation. Extraordinary items are a non-recurring occurrence that must
be explained to shareholders in an annual or quarterly report.

                                         Key Stats…

Key Stat defaults set the defaults for the Key Stats screen and the calculations that are
used for the Earnings per Share Estimates and the S&P 500 Earnings.

Default Changes Available –
   1) Set the Key Stats screen as a double window or a single window
   2) The order in which the broker estimates are displayed in the First Call Window:
                  a) Alphabetical order
                  b) Highest to lowest order
                  c) Most recent confirmation date
                  d) Most recent revision date
   3) The EPS Estimate Default:
                  a) In-House Estimate - Instructions
                  b) Consensus Estimate (From First Call) - Instructions

    4) Use Current Settings as Default - enables the user to set the two screens in key
       stats that are showing as defaults for when a stock is entered.

    5) The number of default years for the Blowup Windows including:
                 a) P/E Ratio
                 b) Dividend
                 c) Price to Book
                 d) Price to Cash Flow
                 e) Price to Sales


Customize sets the name defaults to personalize the computer to the needs of the user.

Default Changes Available -
   User Name options available:
   1) The name of the desktop user
   2) When printing the network and personal comments entered into Key Stats, the
       choice may be made to either show or not show:
                    a) the date the comments were written
                    b) the name of the person who wrote them
                    c) both the name and date
                    d) nothing at all
   3) The company name for the In-House estimate may be added for the detail
       window, the One Pager and for Report.
   4) Analyst's name can now be shown in Report and in Key Stats, allowing the user
       to input their own estimates and then show those to clients by either using
       AutoPrint, the One Pager or Report. This gives a comparison to see the difference
       between the estimate that is given by First Call and the personal estimate that is
       added by your company.

    Industries & Sectors:
    Allows you to choose the Industry/Sector Classification for the individual desktop.
    The 3 default options that you can choose from are: Baseline (S&P 500), Russell and


Display sets the defaults for the general appearance of the Baseline screen.

Default Changes available -
   The defaults that are available include:
   1) The color scheme:
                   a) Default - The Baseline machine is automatically programmed to
                        the default setting
                   b) High Intensity
                   c) Classic
                   d) Custom
    2) The Right Mouse triggers can be changed to:
                    a) automatically escape the screen that is active
                    b) automatically bring up a pop up menu
    3) The size of the icons on the toolbar can be changed to suit the user's preference.
       They include:
                    a) large
                    b) medium
                    c) small
    4) The user also has the preference to:
                    a) show the toolbar with the icons at the top of the screen
                    b) not to show the toolbar with the icons at the top of the screen

NOTE: If the toolbar is turned off and the user needs to turn it back on, press the shift key
and at the same time press the F6 button which will bring up the HouseKeeping screen.
Select the display folder and the show toolbar option.

     5) The choice between:
                    a) showing the yellow prompt at the toolbar
                    b) not showing the yellow prompt at the toolbar
    6) If the order of the icons was changed, you have the option to default back to the
        original order.


Purpose - Sets the defaults for the appearance of the print jobs that are sent from

Default Changes Available -
   The changes to printing that are available include:
   1) The orientation of the paper - either portrait or landscape for:
                    a) Key Stats, Price Action, Valuation, and Economic Window
                    b) Due Diligence reports
                    c) Stock lists
                    d) One/3 Pager
                    e) Portfolio Snapshot
   2) The use of the graph border and the name to be included.
   3) The choice between a clear or color background.
   4) The choice to print in color or in black and white.
   5) The quality of the print that is being used - high or draft quality.
   6) The option to check the default printer before every print job is sent to the printer.
   7) Ability to check the default printer settings by clicking on the box, Default

When in Report the printer settings for Report are able to be changed after selecting
“Format Report” while in report and then selecting Printer Settings. All of the choices
are listed there.

NOTE: If you customize the colors for Baseline you will instantly see the change on your
screen. To see them on a printout, you need to select the Use Color Printing & Full

Color Background option in the Printing tab in HouseKeeping. If the Clear
Background is chosen the printout will only be the default colors.

                                  One/Three Pager…

The default for the One/Three Pager setting is constructed from Housekeeping. The
settings that are input into HouseKeeping will be the defaults until changed.

                                    Market Now…

Baseline’s internet connection module. Through a local internet connection and
entitlement to Market Now you are provided access to delayed intra-day changes to
stocks, overall market changes to Indices, S&P 500 Sectors and Industries, updated
equity news, and a customized ticker tape.

 Market Action – Allows any Queue, or the entire Baseline Universe, to be analyzed for
 the day’s biggest winners/losers, or biggest volume swings and the ability to analyze
 this form a top down perspective.
    ?? Overview: Top Down look at the Market’s action for the day – Sectors to
        Industries to Companies.
    ?? Unusual volume thus far for the stock on a time weighted basis vs. the last 30
    ?? The ability to filter stocks by Minimum Price, Min. Avg. Vol. 30 Days, Min.
        Market Cap.

Ticker Tape – Gives the user a delayed (20 minute) ticker feed. Users can customize the
Ticker Tape by choosing individual stocks or queues.

Snap Quote – Provides an intra-day chart and background statistics on any stock
including Last, Hi, Lo, Volume, and % of Average Volume for Today.

News – View most recent news headlines and articles on a security.
   ?? Print, copy and paste to other applications.
   ?? News stories are available back to February 1999.
   ?? Source: COMTEX

                                Exporting Baseline Data

                                           To Begin…

1) Set up the information that you would like to Export.

2) Click          , from the menu of icons on the top of the screen.

This will prompt the following window:

3) Be sure to select the following items:
        a) Select the Drive, which you would like to send it to.
        (The A: drive is generally the floppy disk drive.)
        b) Select the Folder.
        c) Select the File Type: Print Files, Excel Files, Lotus Files, All Files.
        d)Type in a Name for the file.

NOTE: Make sure you take note of where you are sending the file. You may want to
write down the file location, to make it easier to find when the upload is run.

4) To create the file you have two options:
        a) If you are sending it to a disk, or do not want to see the file until later,
        click on                .
        b) If you would like to go directly into the application to see the file,
        click on

NOTE: Comparison charts (Stock vs. Index, Stock vs. Industry, Stock vs. Stock, and other
multiple comparisons), will show the relative price performance not the actual prices.

5) Aside from price performance, Export is compatible with the following overlays
   in Price Action:
         a) Relative Strength
         b) Moving Average
       c) Money Flow
       d) Volume
       e) Earnings
       f) Forward Earnings
       g) Best Fit

          Interest Rates & Commodity Prices, Selected Key Stat Information

1) Click on the appropriate icon.
2) Follow procedures 2 through 5 used in the previous example, name the file and send
   it to either a spreadsheet or file.


Once a report has been created you can export the information it contains to a
spreadsheet. This feature allows you to customize the Baseline data.
1) Open a queue and format the report accordingly.
2) After the report is processed, click on             .
3) Repeat steps 2 – 5 from the Price Action example above.


New release, 3.0, allows you to export information from Snapshot. Any chart or report
detail in Snapshot can now be exported to a file (.xls or .prn).

                                    Import (Autoload)
Autoload automates the uploading of In-House Estimate information. Autoload uploads
information such as estimates, the analyst's name and phone number into Key Stats and

To perform an upload:

Select         . After the icon has been selected an export window will open.

Step #1 – Select the file that you would like to perform the Autoload. Click on Browse
to help you locate the file:

Once the file has been selected it will automatically insert the file information. Find the
first line of data that you would like to import and click on it once.

Step #2 - Select the items to be uploaded, i.e., if your tickers start in column C, click on
C. This will automatically fill in the letter C and row next to ticker under security items.
Do the same for analysts name, phone number, etc.

Step #3 -
The following is an explanation of the choices available.

1)                           Opens the following screen where you can change analyst
     information that exists in HouseKeeping dynamically without having to go back into
     Housekeeping to do it. Enter in any information that you want displayed and select
     Save. All the changes will be reflected in Housekeeping.

2)        This will automatically import the estimates from the file.

3) & 4)

apply splits, 46                Housekeeping, 14, 15, 41, 42,      Price Chart to Earnings, 41
Archiving, 24, 25                  45, 49, 52                      Price High-Low, 45
Autoload, 52                    Housekeeping, 15                   Price to Book, 42
autoprint, 33, 34, 43, 44       I/B/E/S, 4, 8                      Price to Cash Flow, 42
Autoprint, 43, 44               Import, 52                         Price to Sales, 42
AutoPrint, 43                   Import Icon, 52                    print, 32, 33, 34
Autoprint Button, 34            Income Statement, 40               Print A Screen, 32
AutoPrint icon, 43              In-House, 5, 6, 7, 8, 46, 47,      Printing, 48
Balance Sheet, 39, 40              52                              queue, 12, 13
Best Fit, 51                    In-House estimate, 47              Queue, 7, 12, 13, 21, 22, 23,
Beta, 41                        In-House Estimate, 46, 52             24, 25, 27, 32, 33, 36, 49
Bollinger Bands, 9              In-House Estimates, 42             queues, 10
Business Overview, 41, 44       Insider Trading, 44                Queues, 13
Calendar, 9, 16                 INSIDER TRADING, 10                ratios, 4
Capitalization, 41              Insider Trading Arrows, 41,        Ratios, 4, 26, 39, 40, 41
Cash Flow, 39, 40                  45                              Relative Performance Chart,
Clipboard, 42                   Interest Rates, 51                    42
Commodity Prices, 51            IPO Performance Measures,          Relative Returns, 36, 38
COMPARISON CHARTS,                 15                              Relative Strength, 41, 45, 50
   12                           IPO statistics, 15                 RELATIVE STRENGTH, 9
Consensus, 5, 7, 46             IPO Statistics, 15, 45             Relative Strength Index, 10
Consensus Estimates, 42         IPO Stats, 41                      Report, 5, 22, 24, 28, 29, 30,
Corporate Profiles, 8           Key Stat Window, 43                   32, 35, 36, 37, 47, 48, 52
Dividend Trend Line, 12         Key Stats, 3, 4, 5, 6, 7, 8, 32,   Reported Earnings, 46
Dividends, 41                      33, 43, 44, 45, 46, 47, 48,     Reports, 51
Due Diligence, 39, 44, 48          52                              Research Coverage, 8, 44
Earnings, 4, 5, 6, 7, 12, 26,   Label, 42                          Research Coverage &
   41, 42, 44, 45, 46, 51       MACD, 9                               Headlines, 44
EARNINGS, 10                    Market Action, 49                  Research Headlines, 8
Earnings Consensus, 44          Market Now, 49                     Research opinion, 44
Earnings Estimates, 41, 44      Money Flow, 15, 41, 45, 51         Revenue Trend Line, 12
Earnings Lagged 1 Year., 41     Moving Average, 50                 Revenues, 41, 42
Earnings Per Share, 42          Moving Averages, 15                Revenues %Change, 12
Earnings Surprise, 42           MOVING AVERAGES, 9                 S&P 500 Earnings, 46
Earnings Trend Line, 12         Network servers, 46                S&P Industry Group, 11
Estimate, 4, 5, 46              News, 49                           search, 26, 27
Estimates, 41, 42               One Pager, 41, 42, 44, 49          Sector Allocation, 35
export, 50, 51                  One Pager Icon., 33                Sector Bets, 36, 38
Export icon, 50                 One Pagers, 33                     Snap Quote, 49
Exporting, 50                   One/Three Pager, 41, 42            Snapshot, 51
F1 AND F2 WINDOW, 16            Other Items button, 44             split ratio, 10
F1 window, 45                   P/E Range, 42                      Spreadsheet icon, 51
F2 window, 45                   P/E Ratio, 4, 7                    Standalone machines, 46
F7, 32                          PANELS, 17                         Stochastics, 9
File, 42                        Personal and Network               Stock Compare, 10
Filings, 39                        Comments, 44                    stock splits, 45, 46
First Call, 8, 46, 47           Portfolio, 4, 12, 21, 24, 35,      Stock Splits, 45
Fixing EPS Estimates, 41           36, 38, 48                      STOCK SPLITS, 10
Forward Earnings, 45            Portfolio Snapshot, 35             Stocks, 41
FORWARD EPS                     Preview, 42                        System settings, 45
   ESTIMATES, 10                Price %Change, 12                  Ticker Tape, 49
Fundamental Data, 17            Price Action, 9, 10, 14, 15,       Uploading, 23
Fundamental Panel’s, 43            16, 17, 32, 33, 41, 43, 45,     Valuation, 33
Graham & Dodd Model, 19            48, 50, 51                      VALUATION, 17
Graham and Dodd Model           PRICE ACTION, 13                   Volume, 41, 45, 51
   Valuation Charts., 43        Price Action Chart, 9, 17, 41,     VOLUME, 10
Graph, 41                          45