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StarMine Issued U.S. Patent for Measuring Performance of Analyst Estimates

StarMine Issued U.S. Patent for Measuring Performance of Analyst Estimates

SAN FRANCISCO, CA -- (MARKET WIRE) -- 03/01/06 -- StarMine announced today that it has been granted a patent for measuring the performance of analyst earnings estimates by the United States Patent and Trademark Office. StarMine was issued U.S. patent number 6,983,257 for a computer-implemented system of objectively measuring security analysts' performance based on historical accuracy of their earnings predictions.

"This new patent reflects StarMine's history of innovation in the field of analyst performance measurement," said Joe Gatto, CEO of StarMine. "Our objective ratings of analyst earnings accuracy have been widely adopted by both buy-side and sell-side institutions, and this patent, originally filed in 1998, further validates our leadership in this area."

While the scope of the patent is quite broad, StarMine's approach to measuring the accuracy of an analyst's estimates is particularly significant because it is highly predictive of the analyst's future estimate accuracy. As a result, investment managers use StarMine's analyst accuracy ratings to determine which analysts to listen to when trying to size up a company's future financials.

StarMine further leverages the predictive quality of its analyst accuracy ratings by creating SmartEstimates®, algorithmically generated estimates that put more weight on the estimates of analysts who have been the most historically accurate. SmartEstimates have proven to be significantly more accurate predictors of company earnings than simple consensus estimates. By predicting company earnings more accurately than consensus estimates, StarMine helps portfolio managers and equity analysts around the globe anticipate earnings surprises and disappointments. Each day, StarMine creates SmartEstimates for 14,000 stocks around the world.

The newest patent is the third patent awarded to StarMine, complementing patent numbers 6,681,211 and 6,510,419 which pertain to systems that build and backtest SmartEstimates.

About StarMine

StarMine provides independent, objective ratings of securities analysts around the globe by measuring their stock-picking performance and the accuracy of their earnings forecasts. StarMine's metrics are a factor in the compensation of over 2,000 analysts globally. StarMine helps professional investors make better investment decisions by identifying the analysts that add the most value, forecasting potential earnings surprises and shortfalls, evaluating earnings quality and company fundamentals, and alerting investors to the most important developments on stocks they follow. A privately held company founded in 1998, StarMine is based in San Francisco with offices in New York, London, Paris, Hong Kong, Tokyo, and Sydney.

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