Howard SuttonMortice KernsMKX.TODON'T BUYMay 05, 2008

Software that tracks what software analysts and programmers are doing. Large clients are their customer base. Earnings expected to grow 23% from $0.59 to $0.73 in April/11 against a 20X PE and another 20% to April/12. Ranks in the top 15% of his database. Would like to see it at $12-$13.

They manage, for developers, the life cycle of software development. Has 20 to 30 to 40% upside.

Analysts are giving strong buys. Revenues have been growing. $7.2 million cash. Not a lot of trading. Use a stop.

Up about 55% year to date and 77% on a 52 week basis. Seems to be getting a little bit weaker. Hitting below its technical support. Revenues are up, but they still ended up with a loss. Getting to be thinly traded.

New management has made some good moves. Generating new sales. No debt. Has cash.

Burning cash. Trials have been delayed.

New management stabilized the company. Sales are weak and the company is losing money.