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Beacon Research Issues TraderNotes on QEDC, ALTR, LLTC, SYMC, CMVT for January 15, 2008

Today’s TraderNotes include: QED Connect, Inc. (Pink Sheets: QEDC),  Altera Corporation (Nasdaq: ALTR), Linear Technology Corporation (Nasdaq: LLTC), Symantec Corporation (Nasdaq: SYMC), Comverse Technology, Inc. (Pink Sheets: CMVT)

 

QED Connect, Inc. (QEDC) TraderNote – QEDC Boosted by Its Omni Manger Web-hosted Software Application

 

QED Connect, Inc. (QEDC) closed yesterday at 0.17, a positive change of 0.01 or an increase of 6.25% from the previous close of 0.16.  QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is a web-hosted software application completely maintained and operated by QED. Customers do not install any software on their end, yet they obtain the benefits of packaged, commercially licensed software without the complexity and high cost.  Recently, QED Connect expanded its existing contract with the Living Classrooms Foundation, a leading Maryland-based nonprofit.  Earlier this year, QED's flagship Omni Manager was first deployed on computers in the Carmelo Anthony Youth Development Center, a 22,000 square foot facility partially funded by the NBA star to provide educational and social programs for community youth.  In yesterday's daily chart, QED's RSI indicator reflected a reading of 42.95, inclined towards the neutral zone.  MACD indicates a weak bullish signal with histogram reading at 0.00476 which is above the signal line but with the indicator at -0.0309 below the 0 level.  Slow Stochastics indicator indicates an almost oversold condition with readings of 30.43 and 17.39 %D, rising up from the 20% level to indicate a buying signal in the near-term. 

 

Altera Corporation (ALTR) TraderNote – ALTR Gains Strong Demand from Markets in North America, Asia Pacific, Europe and Japan

 

Altera Corporation (ALTR) closed yesterday at 17.58, a positive change of 0.44 or an increase of 2.57% from the previous close of 17.14.  Altera Corporation designs, manufactures, and markets programmable logic devices (PLD), structured application-specific integrated circuits (ASIC), pre-defined design building blocks, and associated development tools.  The company's products primarily include Stratix II and Stratix III high-end, system-level FPGAs; Cyclone II low-cost, high-volume FPGAs; MAX II CPLDs; HardCopy and HardCopy II structured ASIC devices; and intellectual property cores that are pre-verified building blocks that implement standard system-level functions that customers incorporate in their PLD design; and development tools consisting primarily of the Quartus software. Altera Corporation serves customers primarily in the communications, computer and storage, consumer, and industrial sectors. The company has operations primarily in North America, the Asia Pacific, Europe, and Japan. It markets its products through a network of distributors, independent sales representatives, and direct sales personnel.  In yesterday's daily chart, ALTR's RSI indicator reflects a reading of 34.92, indicating an oversold condition with a recent rise from the 30% level, to indicate a near-term buying signal.  Slow Stochastics indicator with readings of 11.77 %K and 11.22 %D indicates an almost oversold condition to be confirmed upon crossing by the lines upward through the 20% level.  

 

Linear Technology Corporation (LLTC) TraderNote – LLTC Gains Growth Potential From Widened Use of Its Linear Integrated Circuits and Products

 

Linear Technology Corporation (LLTC) closed yesterday at 28.27, a positive change of 0.39 or an increase of 1.40% from the previous close at 27.88.  Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various linear integrated circuits. Its principal products include amplifiers, high speed amplifiers, voltage regulators, voltage references, interface circuits, data converters, DC/DC module power systems, and radio frequency circuits that comprise mixers, modulators, demodulators, amplifiers, drivers, and power detectors and controllers.  Its products are used in various applications, including telecommunications; cellular telephones; networking products, such as power over Ethernet switches; notebook computers; computer peripherals; video/multimedia; industrial instrumentation; security monitoring devices; consumer products, such as digital cameras and MP3 players; global positioning systems; complex medical devices; automotive electronics; factory automation; process control; and military and space systems.  In yesterday's daily chart LLTC's RSI indicator reflects a reading of 27.89, indicating an almost oversold condition to confirm a buying signal upon crossing the 30% level upwards.  Share prices opened at 28.01 yesterday to close higher at 28.27, indicating a near-term bullish signal confirming a trend reversal as signaled by a doji star formed by Jan. 11 candlestick chart.  Slow Stochastics readings at 10.71 %K and 9.65 %D indicate a slight bearish signal before it reverses back upwards to confirm an oversold condition.  With share prices registering the stock's 52-week low at 27.42 last Jan. 11, a significant support level is established to mark a near-term buying entry point if remains unbroken in the next sessions.   

 

Symantec Corporation (SYMC) TraderNote – SYMC Well-supported by Enterprises, Governments, Small and Medium-sized Businesses, and Consumers Worldwide

 

Symantec Corporation (SYMC) closed yesterday at 15.67, a positive change of 0.40 or an increase of 2.62% from the previous close of 15.27.  Symantec Corporation provides software and services for information security, availability, compliance, information technology, and systems performance. It operates in four segments: Consumer Products, Security and Data Management, Data Center Management, and Services. The Consumer Products segment focuses on delivering the company's Internet security, personal computer (PC) tuneup, and backup products to individual users and home offices. The Security and Data Management segment focuses on providing businesses with solutions for compliance and security management, endpoint security, messaging management, and data protection management software solutions that allows customers to secure, provision, backup, and remotely access their laptops, PCs, mobile devices, and servers. The Data Center Management segment provides storage and server management, data protection, and application performance management solutions across storage and server platforms. The Services segment assists organizations in managing information technology risk in the areas, including security, availability, performance, and compliance, as well as provides customers with maintenance and technical support, consulting, education, and business critical services. The company offers its services to enterprises, governments, small and medium-sized businesses, and consumers worldwide.  In SYMC's daily chart yesterday, RSI indicator reflects a reading of 38.32, bearish but directed towards the neutral zone of 50%.  Slow Stochastics indicator with readings of 20.31 %K and 21.50 %D reflect an oversold condition with a recent rise above the 20% level from a fall below this level in the previous sessions.  If prices remain above the 15.50 level, the next target is the psychological resistance of 16.00.  With share prices registering the stock's 52-week low at 15.5 last Jan. 8, a significant support level is established marking a near-term buying entry point if remains unbroken.   

 

Comverse Technology, Inc. (CMVT) TraderNote – CMVT Boosted by Demands from Telecom Networks Operators and Service Providers; Call Centers; and Other Government, Public, and Commercial organizations

 

Comverse Technology, Inc. (CMVT) closed yesterday at 15.73, a positive change of 0.59 or an increase of 3.90% from the previous close of 15.14.  Comverse Technology, Inc. (CMVT) and its and its subsidiaries engage in the design, development, manufacture, marketing, and support of software, systems, and related services for multimedia communication and information processing applications.  The company operates in three segments: Comverse Network Systems, Service Enabling Signaling Software, and Security and Business Intelligence Recording.  The company's products are used in a range of applications by wireless and wireline telecommunications networks operators and service providers; call centers; and other government, public, and commercial organizations.  CMVT markets its systems through its own direct sales force, as well as local distributors, and in cooperation with international vendors of telecommunications infrastructure equipment.  In yesterday's daily chart, CMVT's RSI is in the negative zone below the 50% level with a reading of 42.79, indicating a bearish signal with no confirmation of an oversold condition.  MACD indicator likewise is bearish with readings of -0.284 12-day EMA and -0.154 26-day EMA below the 0 level and histogram reading at -0.131 trending below this level.  Slow Stochastics however, indicates a near-term oversold condition with readings of 35.45 %K and 25.66 %D rising above 20% after falling below this level in the previous sessions. 

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of BioSolar, Inc. (OTCBB: BSRC).  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of six thousand five hundred dollars directly from Equity Alliance International for enrollment of QEDC in its research program.  This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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