Big sale for RuggedCom

Article Excerpt

RUGGEDCOM INC. $21.01 (Toronto symbol RCM; SI Rating: Speculative) (1-888-264-0006; www.ruggedcom.com; Shares outstanding: 12.1 million; Market cap: $255.0 million; No dividends paid) has announced that one of its clients bought over $2.1 million U.S. of equipment for use in wind farms in China. That’s a record order for the company. RuggedCom makes computer-networking equipment that is used in harsh environments. Its products include Ethernet switches that connect computers and let them exchange data at high speeds. It also makes Internet-based networks that are faster and more functional than systems that are now used in harsh environments. RuggedCom’s revenue is around $64 million U.S. per year, so the new contract will add approximately 3.3% to its 2010 revenue. But just as important, it will let RuggedCom continue to expand its presence in the growing Chinese market. It also lets the company tap into rising demand for wind farms. RuggedCom is still a buy for aggressive investors. investors…