Posts Tagged ‘stock recommendation’

Free Stock Picks April Update Part 2

By: ispeculatornew | Date posted: 04.03.2008 (9:41 pm)

Here are the rest of my current stock picks:

SILC – Silicom Limited
The stock price of Silicom Limited have been erratic since my initial buy recommendation but the stock price is currently trending up. Silicom is set to report first quarter earnings on April 28 and I expect there will be a run-up in price before earnings. I will provide another update after earnings are announced.

SWIR – Sierra Wireless:
The stock price of Sierra Wireless has also been erratic since my last update but the stock price is currently undergoing a pretty strong rally. Sierra Wireless is heavily shorted and a short squeeze is already underway. The fundamentals of Sierra Wireless didn’t merit such a huge selloff and I think the stock price could easily rally to 20 – 25 dollars after earnings. Sierra Wireless reported first quarter results last year on April 26 so they should report earnings later this month. (You should also check out NVTL).

Short Recommendation:

SWC – Stillwater Mining Company:
Both Stillwater Mining Company and PAL have sold off since my initial short recommendation but they haven’t dropped as much as I expected. I still think there is further downside left and I would continue to hold your short position.

Disclaimer: I have a long position in SILC. I don’t have a position in the other stocks mentioned.

Silicom Announces New Chinese Order

By: ispeculatornew | Date posted: 02.04.2008 (9:31 pm)

SILC – Silicom Limited (Nasdaq) – (Closing Price – $16.70)

Today Silicom Limited announced an order for $1.8 million from “one of China’s largest domestic server companies, representing its first significant penetration into the vast Chinese market.” The stock traded up over 14% on the news.

This is obviously a positive development for Silicom Limited and the stock price is starting to gain some strong momentum. The company just reported very good fourth quarter results and I wouldn’t even consider selling right now.

Some other stocks in the WAN optimization field that have seen undeserved fifty percent drops from their highs last year are BCSI and RVBD. These two stocks are definitely worth further research.

Disclaimer: I have no position in any of the stocks mentioned.

8×8 Reports Q3 08 Results, Shows Continued Improvement

By: ispeculatornew | Date posted: 02.02.2008 (12:42 pm)

EGHT – 8×8 Inc. (Nasdaq) – (Closing Price on Friday 2/1/08 – $1.22) 

8×8 Inc. reported their Q3 2008 financial results on January 30 and reported record revenues and a small profit.

8×8 reported revenue of 15.8 million which was a 7% increase sequentially and a 19% increase year over year. 8×8 reported net income of 1.39 million and EPS of 0.02 per diluted share. During the quarter, 8×8 sold two of its non-core patents for 1.2 million and accounted for the sale as other income. Without the one time gain related to the patent sale and a gain related to the change in the value of warrant liability 8×8 would have reported a small loss. However, this loss is smaller than the previous quarter and the same quarter last year and the company is still on the right track towards sustained profitability. Overall 8×8 reported a nice quarter.

In the conference call the CEO mentioned a few positive catalysts to look for in the coming year. The CEO stated that the company is seeking to further monetize its intellectual property and to expect the introduction of new services in the coming year. He also said the goal is for consistent profitability going forward.

8×8 is continuing to show improvement in its financial results and I would hold or accumulate more shares.

Disclaimer: I have no position in EGHT.

Mad Catz Acquires License for Rock Band Game

By: ispeculatornew | Date posted: 01.04.2008 (5:48 pm)

MCZ – Mad Catz Interactive (American Stock Exchange) – (Closing Price – $1.17)

Mad Catz announced a new license agreement today to produce and distribute game peripherals and other products for the game Rock Band published by MTV games.

Mad Catz has secured the rights to manufacture, market, and sell game accessories, including both wired and wireless bass guitars, a drum percussion set bundled with drum sticks, and a wired microphone. Mad Catz expects its initial offerings under this license agreement to be available in the first half of 2008.

Mad Catz continues to align itself with popular games and I think acquiring the license for Rock Band is a smart move. The Rock Band game is similar to Guitar Hero which has been highly successful for Activision (ATVI). If Rock Band attains even a little bit of the success that Guitar Hero has had it should be a popular title.

I am surprised the stock price of Mad Catz finished flat on the day but the general unease of the broader markets has weighed on Mad Catz for a while. Mad Catz’s share price is overdue for a pop and the company is coming into its strongest quarter so I would continue to hold your shares.

Disclaimer: I have no position in MCZ.