Question-and-Answer Session Operator Absolutely. [Operator Instructions]. Mr. Grout, our first question comes from the line Matt Petkun [D.A. Davidson & Co.]. Matthew Petkun - D.A. Davidson & Co. Hi, good afternoon. Scott, just looking at the top size customer list, obviously some new names or names that...
New RadiSys Alliance Partner Program to Showcase the Breadth and
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Another choppy, mixed day ahead of the FED. Experts are calling for 0.25 BP cut and a statement discussing potential pause. I don't expect markets to rally on that news, but we'll soon see.
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RSYS is still a buy and I am accumulating shares in blocks every time it takes out these levels of roughly $10 a share. This will allow us to Dollar Cost Average Down and build a base. Not for the queasy investor...this stock was just at 10.72 a day or two ago and will rebound very quickly. It could be range bound for the short term, but I like institutional money to come in here and give these share a momentum bump here near its 52 wk low. We saw these same investors probably at the end of last year taking profit to window dress their portfolios. Remember, just less than 3 months ago, RSYS was trading at $17 and we got out on top (check out my blog for our sell date)...but at these levels its time to get back in.
BTW - I am reducing my target to be more inline with analyst recommendation of around $15 dollars a share
UPGRADES Ambassadors Group EPAX DA Davidson Neutral » Buy Open Text OTEX BMO Capital Markets Market Perform » Outperform Cognex CGNX Barrington Research Mkt Perform » Outperform Cognex CGNX Bear Stearns Peer Perform » Outperform Aventine Renewable Energy AVR Credit Suisse Underperform » Neutral Westlake Chemical WLK Credit Suisse Neutral » Outperform Opnext OPXT Needham & Co Buy » Strong Buy Peet's Coffee PEET Wedbush Morgan Sell » Hold Perrigo PRGO Oppenheimer Neutral » Buy Votorantim Cel VCP Deutsche Securities Hold » Buy Enbridge Energy EEP RBC Capital Mkts Underperform » Sector Perform Taleo TLEO KeyBanc Capital Mkts Buy » Aggressive Buy Enterprise GP Holdings EPE Morgan Keegan Mkt Perform » Outperform Western Digital WDC Caris & Company Above Average » Buy Marathon Oil MRO Credit Suisse Neutral » Outperform Millennium Pharm MLNM Friedman Billings Mkt Perform » Outperform Big 5 Sports BGFV Nollenberger Capital Neutral » Buy Enbridge Management EEQ RBC Capital Mkts Underperform » Sector Prform Modine Manufacturing MOD Robert W. Baird Underperform » Neutral Tercica TRCA Friedman Billings Underperform » Mkt Perform Vitesse Semi VTSS CIBC Wrld Mkts Sector Underperform » Sector Perform Diageo plc DEO Lehman Brothers Underweight » Equal-weight Coca-Cola Ent CCE Citigroup Hold » Buy RadiSys RSYS Jefferies & Co Hold » Buy Sprint Nextel S Deutsche Securities Sell » Hold
DOWNGRADES Merrill Lynch MER Deutsche Securities Buy » Hold Rainmaker Sys RMKR Needham & Co Strong Buy » Buy Glu Mobile GLUU Needham & Co Buy » Hold Cell Genesys CEGE Needham & Co Buy » Hold Ditech DITC Wedbush Morgan Hold » Sell RADVision RVSN Wedbush Morgan Buy » Hold American Reprographics ARP Longbow Buy » Neutral Town Sports Intl CLUB BB&T Capital Mkts Buy » Hold Town Sports Intl CLUB RBC Capital Mkts Outperform » Sector Perform Alesco AFN RBC Capital Mkts Outperform » Sector Perform CACI Intl CAI Cowen & Co Outperform » Neutral Glu Mobile GLUU Kaufman Bros Buy » Hold OPNET OPNT Stanford Research Buy » Hold GSI Technology GSIT Stanford Research Buy » Hold NiSource NI KeyBanc Capital Mkts Buy » Hold Intermec IN Morgan Keegan Outperform » Mkt Perform Guess GES Caris & Company Above Average » Average Tesoro Corp. TSO Caris & Company Buy » Above Average Cutera CUTR RBC Capital Mkts Outperform » Sector Perform PG&E PCG BMO Capital Markets Outperform » Market Perform GPC Biotech GPCB Piper Jaffray Market Perform » Underperform Greenbrier Comp GBX Wachovia Outperform » Mkt Perform Cogent COGT Soleil Buy » Hold Korea Electric Power Corp KEP Lehman Brothers Overweight » Equal-weight Clearwire CLWR Pali Research Neutral » Sell Glu Mobile GLUU Cantor Fitzgerald Buy » Hold eBay EBAY Bear Stearns Outperform » Peer Perform
Building Materials BLG DA Davidson Neutral » Buy Natl Instruments NATI Sanders Morris Harris Neutral » Buy Precision Drilling PDS BMO Capital Markets Underperform » Market Perform Universal Truckload Services UACL Morgan Keegan Mkt Perform » Outperform Rackable Systems RACK Caris & Company Below Average » Average AU Optronics AUO HSBC Securities Neutral » Overweight FMC Corp FMC Longbow Neutral » Buy Foundry Ntwks FDRY CE Unterberg Towbin Market Perform » Buy Dime Community DCOM FTN Midwest Sell » Neutral AutoZone AZO Kevin Dann Sell » Hold Foundry Ntwks FDRY Sanders Morris Harris Hold » Buy Columbia Sportswear COLM Caris & Company Below Average » Average Oplink Comms OPLK Needham & Co Hold » Buy Cymer CYMI Needham & Co Hold » Buy Flow FLOW McAdams,Wright,Ragen Hold » Buy Aeropostale ARO Citigroup Sell » Hold McAfee MFE WR Hambrecht Hold » Buy Grant Prideco GRP Calyon Securities Neutral » Buy Universal Truckload Services UACL Stifel Nicolaus Hold » Buy National City NCC Stifel Nicolaus Sell » Hold Bankunited Fin BKUNA Stifel Nicolaus Hold » Buy Embarq EQ RBC Capital Mkts Sector Perform » Outperform Snap-On SNA Matrix Research Hold » Buy Convergys CVG BMO Capital Markets Underperform » Market Perform Genesis Microchip GNSS Roth Capital Sell » Hold Cash America CSH Roth Capital Hold » Buy Microtune TUNE Roth Capital Nordstrom JWN Citigroup Hold » Buy SPX Corp SPW Citigroup Hold » Buy Gap Inc GPS Citigroup Hold » Buy Brunswick BC Rochdale Securities Sell » Hold Old Dominion ODFL Credit Suisse Neutral » Outperform $34 Alaska Air ALK JP Morgan Neutral » Overweight Penn Natl Gaming PENN Jefferies & Co Hold » Buy Rightnow Tech RNOW Jefferies & Co Hold » Buy
DOWNGRADES
RadiSys RSYS Merriman Curhan Ford Buy » Neutral 3M MMM Hilliard Lyons Buy » Long-term Buy QLogic QLGC Caris & Company Above Average » Average Sierra Wireless SWIR Piper Jaffray Outperform » Market Perform CTC Media CTCM UBS Neutral » Reduce Volcom VLCM Piper Jaffray Outperform » Market Perform Taiwan Semi TSM HSBC Securities Overweight » Neutral Isilon Systems ISLN AG Edwards Buy » Hold Cutera CUTR Lazard Capital Buy » Hold Riverbed Technology RVBD Janco Partners Buy » Mkt Perform Diomed DIO Roth Capital Buy » Hold Marvell MRVL Matrix Research Hold » Strong Sell Darden Restaurants DRI Matrix Research Buy » Hold AutoNation AN Bear Stearns Outperform » Peer Perform
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