Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, May 28, 2010

Article Excerpt

RUGGEDCOM INC., $15.37, symbol RCM on Toronto, makes computer-networking equipment that is used in harsh environments. Its products are designed to reliably operate under high levels of electromagnetic interference. They can also cope with wide variations in temperature and humidity, as well as vibration and exposure to dust. They also work while exposed to such things as corrosive gases and water. In the three months ended March 31, 2010, RuggedCom’s sales rose 11.3%, to $19.4 million from $17.4 million a year earlier. The gain mainly resulted from higher sales to transportation and industrial clients. As well, the current revenue figure included a contribution from WiNetworks, which RuggedCom bought in September 2009. WiNetworks designs WiMAX equipment, which can provide wireless broadband access at a distance of up to 50 kilometres from fixed stations, and five to 15 kilometres from mobile stations. In contrast, most of today’s Wi-Fi networks are limited to only 30 to 100 metres. Despite the higher sales, RuggedCom’s earnings…