Websense (WBSN) Earnings Miss Expectations

Posted on January 30, 2007
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After the close today, Websense (WBSN), reported fourth quarter earnings that missed Wall Street expectations. The company blamed the shortfall on various new accounting policies, but The Market will probably care little for this excuse.

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Extreme Networks (EXTR): Moving in the Right Direction

Posted on January 28, 2007
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Late last week, Extreme Networks (EXTR) reported quarterly results, which continue to support our investment thesis, that EXTR has limited downside risk at current prices, and substantial upside potential, assuming new management continues to drive positive change at the company.

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Phoenix Technologies (PTEC): Turnaround On Track

Posted on January 26, 2007
Filed Under PTEC | 2 Comments

Yesterday, Phoenix Technologies (PTEC) reported Q1 results which significantly exceeded expectations and provided solid evidence that the company’s turnaround is in on track. With revenue increasing by 17% over the prior quarter and the company’s loss reduced, it seems clear that a bottom has already been reached in the business and results will only continue to improve as the year progresses.

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S1 Corporation (SONE): Banking on a Sale

Posted on January 24, 2007
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In this post, we’ll cover S1 Corporation (Nasdaq: SONE), a company that operates within a software sub-sector experiencing intense M&A activity. There have been a lot of deals in the financial software space, which provide some convenient comps for evaluating the potential upside and downside in this sector laggard.

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Network Engines (NENG) Expands Partnership with Microsoft

Posted on January 23, 2007
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Back in August 2006, we alerted subscribers to the potential of an expanded Network Engines/Microsoft partnership, following Microsoft’s acquisition of Whale Communications. Today, much to our delight, but not surprise, Network Engines (NENG), released an important PR that actually details an expanded business partnership between the two companies.

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Reviewing the Internap (INAP) Situation

Posted on January 19, 2007
Filed Under INAP | 1 Comment

The situation at Internap (INAP) is fairly simple: The company is undergoing a major transformation in 2007 due to the acquisition of VitalStream.

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A Buyout Battle Looms at Phoenix Technologies (PTEC)

Posted on January 17, 2007
Filed Under PTEC | 5 Comments

If you’ve been following Phoenix Technologies (PTEC), one of our top software turnaround picks, we’re sure you noticed that yesterday Ramius Capital offered to purchase PTEC for $5.25 per share, a 15% premium to our purchase price for the shares back in November 2006.

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Isolagen (ILE) Update

Posted on January 16, 2007
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Our timing into Isolagen (ILE) has sure been bad and the stock remains one of our worst performers. However, we still remain optimistic about this biotech over a 3-year time horizon, even if the prospects of additional financing actions may put pressure on the stock for some time. In this post, we’ll update you on some of the more important events related to the Isolagen (ILE) situation.

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