Text size: Small font Default font Larger font

Have an account? Please log in.

.
TSI Network
Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

Updating SYMANTEC CORP., INTERNATIONAL ROAD DYNAMICS and ADOBE SYSTEMS INC.

July 23, 2010 -  Be the first to comment
Posted by: Pat McKeough Filed in: Aggressive Investing
  • Comments
  •  
  •  
.

SYMANTEC CORP. $14.59 (Nasdaq symbol SYMC; SI Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 798.9 million; Market cap: $11.7 billion; No dividends paid) has signed a multi-year extension of its agreement with Hewlett-Packard to distribute its Norton Internet Security software. Norton Internet Security is a set of programs that fight hackers, viruses and other online threats.

Under the deal, Hewlett-Packard will continue to preinstall a 60-day free trial subscription to Norton Internet Security on all of its personal computers, laptops and netbooks. Users can then buy a subscription to Norton Internet Security for $54.99 a year.

Deals like this are very important for software sellers like Symantec. That’s because many consumers like the convenience of buying preinstalled programs right from their computers.

Symantec is still a buy.

INTERNATIONAL ROAD DYNAMICS $0.75 (Toronto symbol IRD; SI Rating: Speculative) (306-653-6600; www.ird.ca; Shares outstanding: 14 million; Market cap: $10.5 million; No dividends paid) continues to win new contracts. For example, in the first half of 2010, it won $7.3 million of new deals with customers in Hawaii, New Brunswick, Alaska, Washington and California. That’s on top of a $1.2-million, three-year service-and-maintenance contract in Hawaii.

In the three months ended May 31, 2010, International Road’s revenue rose 2.4%, to $11.9 million from $11.6 million a year earlier. The company earned $0.02 a share, up from $0.01 a share a year ago.

International Road Dynamics is still a buy.

ADOBE SYSTEMS INC. $27.67 (Nasdaq symbol ADBE; SI Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 525.2 million; Market cap: $14.5 billion) earned $234.2 million in its second quarter, which ended June 4, 2010. That’s up 26.6% from $185.0 million a year earlier. Excluding one-time items, earnings per share rose 25.7%, to $0.44 from $0.35, on more shares outstanding.

Revenue rose 33.8%, to a record $943.0 million from $704.7 million. The gain resulted from the April 2010 launch of Adobe’s Creative Suite 5 software.

Despite the improved results, Adobe’s dispute with Apple Inc. (Nasdaq symbol AAPL) is weighing on the stock. Apple is not including Adobe’s Flash software in its iPad, iPhone and iPod mobile devices. Instead, Apple is promoting what it sees as a superior rival format called HTML5. It says Flash is slow and uses too much power in mobile devices. Investors fear that rising demand for Apple’s products will prompt computer programmers to move away from Adobe’s software.

Adobe is still a hold.

.

Permalink: http://www.tsinetwork.ca/?p=40149

Tags: , , , , , , , , , ,

  • Comments
  •  
  •  
.

Would you like us to inform you when new articles are posted?

What do you think? Go ahead and add your comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.

.

Free Subscription to
The Successful Investor Network Daily

  • Daily investment advice you can act on
  • Free access to our special stock market reports
  • Plus much, much more! Try it today
Twitter Facebook
Follow TSI Network on Twitter and Facebook!

TSI Network Products

In today's economy, it's more important than ever to have clear investment advice that is tailored to your own personal goals. This is where Pat McKeough's conservative safe-investing philosophy comes in. Through TSI Network, you get access to reports, monthly newsletters and premium services that go beyond the daily headlines to give you all the advice and information you need to build a portfolio with long-term growth potential. Simply click on the links below to discover which service is right for you.

.
.