Ascalade Communications Inc. (ACG.TO)

Revised their guidance down and the stock took a big drop. He is speculating for the time being because the area of the Internet telephoning services is growing. What could happen is that they could land a big contract which would move up again, so he is reluctant to sell.

Provides VoIP protocol handsets. Recently announced new deals. Thinks there is good opportunity for them, particularly as they approach the calendar year and going into 07.