Peter Hodson MDSI Mobile Data Solutions Inc MDSI-Q PAST TOP PICK Dec 20, 2004

(A Top Pick Sept 4/04. Up 7.5%.) Always viewed it as a takeover target and management has their head around the fact that they will be better with someone, so it's just a matter of time or price. Will keep it until that happens.

Peter Hodson

Owned

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$5.560

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A takeover fell apart because the acquirer started missing some earnings #'s and the stock plummeted. Very strong balance sheet. owns it strictly for a takeover. Downside is pretty limited.

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Peter Hodson MDSI Mobile Data Solutions Inc MDSI-Q PAST TOP PICK Dec 20, 2004

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