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Giga-Tronics, Inc. (Nasdaq: GIGA) Buzz Stock of the Day

Thursday, October 29th, 2009

Shares of Giga-Tronics, Inc. (Nasdaq: GIGA) were up more than 44 percent today from yesterday’s close, touching on a high of $2.78 after the company reported profit for the second quarter, marking the fourth, consecutive, profitable quarter for the company.

For the quarter ending September 26, 2009, Giga-Tronics reported a net profit of $373,000 or 8 cents per share, compared to a net loss of $540,000 or 11 cents per share for the same period last year. Net sales for the quarter increased 25 percent to $4.6 million compared to $3.6 million for the same quarter a year ago. Giga-Tronics’ gross margin improved to $2.1 million, an increase of $775,000 over the same period last year. As a percentage of net sales, gross margin improved 9.4 percent to 45.7 percent, from 36.3 percent in the second quarter of fiscal 2009. Orders increased to $4.8 million in the second quarter from $3 million for the second quarter of fiscal 2009. Cash and cash equivalents at September 26, 2009 were $1,345,000 compared to $1,551,000 as of June 27, 2009.

Giga-Tronics, Inc. specializes in instruments, sub-systems, and sophisticated microwave components that have broad applications in both commercial communications and defense electronic s systems. The company focuses on three principal product areas: test measurement instrumentation, signal switching solutions, and microwave components.

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China Technology Development Group (Nasdaq: CTDC) Buzz Stock of the Day

Tuesday, October 27th, 2009

China Technology Development Group (Nasdaq: CTDC), an integrated clean energy corporation, announced Tuesday that the company will acquire a majority interest in China Technology Solar Power Holdings Limited. The stock purchase agreement states that China Technology Developemtn Group will obtain a 51 percent equity interest and become the major shareholder of CTSPHL Group.

The announcement sent shares skyrocketing more than 39 percent, to a high of $5.09 from Monday’s closing price of $3.66. More than 978,000 shares changed hands by 10:45 a.m. EDT Tuesday, 10 times greater than the stock’s 50-day average daily volume of 97,000, according to Nasdaq.

Chairman and CEO of China Technology Development Group commented in a statement about the acquisition, “We are very pleased to become a controlling shareholder of CTSPHL Group. This marks a significant step that CTDC has made to enter into the solar power station arena and become one of the first overseas listed Chinese companies to hold an operating license from the Chinese government to operate on-grid solar power stations in China,” commented by of the Company.

China Technology Development Group (CTDC) believes the acquisition will advance the company’s goals of becoming a fully-integrated solar company with the capacity and qualifications to design, build, and operate solar power plants.

CTSPHL Group, through its wholly-owned subsidiary, is developing a 100MW grid-connected solar power plant project located in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China. Upon closing of the acquisition, the Company and CTSPHL Group will jointly develop the Delingha 100MW Solar Project. CTSPHL Group has obtained a 25-year operating license from the Qinghai Provincial Development and Reform Commission for the first phase of the Delingha 100MW Solar Project, consisting of 10MW. Construction commenced on the first phase on 28th September 2009 and is expected to be completed by the end of 2010.

China Technology Development is an up-and-coming integrated clean energy group focused on providing solar energy products and solutions. The Company has an 8.86 million-share float with only 257,000 shares short as of Sept. 25, according to Yahoo Finance. Only 3.2% of the company’s shares are held by insiders with another 1.7% owned by institutions. CTDC’s major shareholders include China Merchants Group and Beijing Holdings Limited.

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Telestone Technologies Corporation (Nasdaq: TSTC) Buzz Stock of the Day

Tuesday, October 20th, 2009

The Chinese telecomm industry leader, Telestone Technologies Corporation (Nasdaq: TSTC) , announced Tuesday that it’s Wireless Fiber Distribution System (WFDS™) passed all testing procedures of the U.S. Federal Communications Commission (FCC), including all of the existing 2G and 3G systems in the U.S. The announcement Tuesday boosted share prices 31.4 percent to a high of $11.15 from Monday’s closing price of $8.48.

The company’s proprietary Wireless Fiber Distribution System, which provides for indoor multi-services access networks, had a successful debut at the April 2009 CTIA trade show in Las Vegas. Following the trade show, the company immediately began working towards FCC compliance. To achieve this, Telestone developed a team comprised of corporate-level officers, R&D and marketing personnel, as well a partner in the United States.

Last month, the WFDS technology passed all FCC required testing procedures and Telestone was given the green light to market the product in the United States, as well as Canada, and Central and South America. The FCC certification is a substantial achievement for Telestone’s efforts to gain market share in North and South America.

Mr. Daqing Han, Chairman and CEO of Telestone, commented, “The certification of Telestone’s WFDS(TM) technology by the FCC has removed the final hurdle for us to effectively launch our marketing initiatives throughout the Americas. In the coming months, we expect to secure new contracts in the U.S. from telecommunication carriers and through our local partners while expanding our reach to countries in Latin America. Diversifying our revenue base as we move into 2010 is an important goal and we expect positive margin enhancements through increased WFDS(TM) sales.”

Industry analysts believe Telestone Technologies is poised for substantial growth in the coming years. The Chinese government has announced it will spend $70 billion over the next three years on 3G initiatives, this, coupled with Telestone’s impressive goals to increase the company’s domestic market share from 5 percent to 33 percent suggests the company plans to capture a sizable share of the government funds allocated for wireless development.

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Starent Networks (Nasdaq: STAR) Buzz Stock of the Day

Tuesday, October 13th, 2009

Shares of mobile infrastructure equipment maker Starent Networks (Nasdaq: STAR) soared nearly 19 percent in morning trading after telecommunications giant Cisco Systems, Inc. (Nasdaq: CSCO) announced it would acquire Starent for $2.9 billion to strengthen its high-speed wireless services business. Cisco will pay a 20 percent premium, or $35 a share in cash for Starent.

The deal is expected to close in the first half of CY2010. Cisco anticipates the acquisition will hurt earnings for fiscal years 2010 and 2011, but believes it will add to its bottom line in fiscal 2012.

Starent Networks marks the second multi-billion dollar deal for Cisco in less than three weeks. It follows the company’s Oct. 1 announcement that it plans to buy video conferencing equipment maker Tandberg for $3 billion.

“We are very pleased that Starent Networks will be joining the Cisco team, and we believe their products and engineering talent will greatly benefit our Service Provider customers as they build out their Mobile Internet offerings,” said Cisco Chief Executive Officer John Chambers in a statement.

Starent makes network equipment that fits between the radio access network and the core network of mobile phone service providers that include Sprint and Verizon Wireless. Cisco said there was some overlap in their products, but that their offerings would for most part be complementary.

After the deal closes, Starent will become part of Cisco’s service provider business, but as a new Mobile Internet Technology Group, headed by current Starent CEO Ashraf Dahod, who stands to gain substantially from the acquisition. As of Starent’s proxy filing in January, Dahod owned 6.9 million shares. At Cisco’s proposed price of $35 a share, Dahod’s stake would be worth approximately $241 million today.

The acquisition of Starent has raised some red flags and is currently being investigated by Levi & Korsinsky, LLP, for possible breaches of fiduciary duty and other violations of state law. For the year ending December 31, 2008, the Company reported revenues of $254,076,000 and net income of $60,524,000 as compared to revenues of $145,797,000 and net income of $5,485,000 for the year ended December 31, 2007.

The investigation looks into whether Starent’s Board of Directors breached their fiduciary duties to Starent shareholders by agreeing to sell the Company at an unfair price.

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CalAmp Corp. (NasdaqGS: CAMP) Buzz Stock of the Day

Thursday, October 8th, 2009

Shares of wireless communication solutions provider, CalAmp Corp.(NASDAQ: CAMP) jumped more than 18 percent in morning trading Thursday, reaching a high of $2.60 from the previous day’s close of $2.20.

The boost could be attributed to the company’s second quarter conference call scheduled for after the closing bell today.

“Based on our current forecast, we believe fiscal 2010 second quarter consolidated revenues will show a sequential increase and be in the range of $23 to $25 million, with a GAAP basis net loss in the range of $0.06 to $0.10 per diluted share,” said CalAmp’s president and chief executive officer, Rick Gold in the company’s first quarter earnings release.

Based in Oxnard, Calif., CalAmp provides wireless communications solutions that enable anytime/anywhere access to critical data and content. The Company serves customers in the public safety, industrial monitoring and controls, mobile resource management and direct broadcast satellite markets.

The Company’s Wireless DataCom business segment recently inked a deal to provide a WiMAX version of its Dataradio Sentry 4G™ Wireless IP Router to Elster, a leading provider of smart grid solutions. CalAmp’s WiMAX solution is expected to provide better performance for Elster’s smart grid activities including advanced metering, demand response and distribution automation as well as mobile applications such as fleet management.

“CalAmp’s Dataradio Sentry 4G Wireless IP Router provides industrial/utility-grade, and secure multi-network wireless connectivity for Elster’s solution as well as for other devices,” said Rick Nozel, vice president of sales and marketing for CalAmp’s wireless networks business. “With our combined product portfolio, utilities can deploy a single network infrastructure capable of serving the unified communications needs for both their mobile fleet applications as well as fixed grid applications like AMI, demand response, transmission, substation, and distribution monitoring and automation.”

Smart grid technology like Elster’s has revolutionized energy consumption monitoring by combining wireless technology, sensors and software, as well as ‘smart meters’ implemented for tracking.

The IP-based smart grid model helps customers understand overall consumption patterns and allows for more intelligent decisions about power use. Additionally, the smart grid technology will also help to enhance reliability and energy efficiency, lower power-line losses and provide utilities with the ability to remotely automate services.

“There are increasing indications that our business is in the early stages of a recovery,” said Gold. “We now expect that CalAmp will be profitable on a GAAP basis in the second half of fiscal 2010 with quarterly revenues in the range of $26 to $32 million.”

CalAmp shares are up nearly 200 percent in the past 3-months.

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