Yes, that worked. Thanks
As reference for others here is my code:
<?php
$user =& JFactory::getUser();
if ($user->guest) {
echo '<div>{JFBCLogin}    or  <a href="http://mydomain/login">Login
';
} else {
$name = $user->get('username');
echo "<div>Logged in as " . $name . ", ";
?>
<a href="javascript:void(0)" onclick="javascript:jfbc.login.logout_button_click()"><?php echo JText::_('Logout') ?></a>
<?php
}
?>