Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, April 3, 2009

Article Excerpt

CALIAN TECHNOLOGIES, $13.99, symbol CTY on Toronto, rose this week after it won a five-year, $100-million contract extension from Canada’s Department of National Defence. The contract includes options for four additional years. If the military exercises these, the contract could last up to nine years. Calian has provided the Canadian military with simulators and training services since 1995. The Canadian Forces, especially the army, use Calian’s simulators to plan and train for military operations. Aside from the Canadian military contract, Calian’s systems engineering division sells hardware and software that is used for testing, operating and managing satellite and other communications systems. The division accounts for 36% of Calian’s revenue. The business technology and services division generates the bulk (64%) of Calian’s revenue. It provides engineering, health care and other skilled workers to clients on a contract basis. The stock is up 73.4% since last October. Calian Technologies is a buy. AUTODESK INC., $17.99, symbol ADSK on Nasdaq, announced this week that it had created…