We ran a screen for NASDAQ stocks with active trading volume, share prices under $1.00, and those which have traded over $1.00 in the last 52-weeks.  Some of the most usual suspects here are as follows:

Name        Symbol                        Price    Mkt Cap   Avg Vol       52-wk Range
Autobytel Inc. (ABTL)                    $0.40    18.09M    255,678        0.31 – 3.30
Beacon Power Corporation (BCON) $0.62    61.40M    973,758       0.50 – 2.18
BankUnited Financial (BKUNA)       $0.24    8.61M    612,080         0.24 – 8.00
Charter Communications (CHTR)    $0.13    53.58M    5,062,670     0.11 – 1.68
Candela Corporation (CLZR)           $0.53    12.12M    195,383        0.31 – 5.93
Cosi, Inc. (COSI)                           $0.25    10.19M    197,683        0.25 – 3.24
Eddie Bauer Holdings (EBHI)          $0.51    15.72M    288,632        0.30 – 8.72
8×8 Inc (EGHT)                              $0.47    29.30M    157,789        0.40 – 1.30
Emmis Communications (EMMS)    $0.41    14.91M    202,774        0.25 – 4.27
Finisar Corporation (FNSR)             $0.40    171.83M   3,241,740     0.29 – 1.96
Glu Mobile Inc. (GLUU)                   $0.44    13.02M    92,946.2       0.22 – 5.77
Globalstar, Inc. (GSAT)                   $0.22    26.35M    634,428        0.17 – 9.50
ChipMOS TECHNOLOGIES (IMOS) $0.19    15.95M    538,883        0.18 – 4.39
Jones Soda Co. (JSDA)                  $0.38    10.02M    154,182        0.31 – 8.20
Jupitermedia Corporation (JUPM)     $0.44    15.83M    112,874        0.20 – 4.03
SourceForge, Inc. (LNUX)                $0.96    61.58M    345,160        0.32 – 2.59
Level 3 Communications (LVLT)       $0.70    1.13B    25,960,200      0.60 – 4.48
MRV Communications (MRVC)        $0.80    125.74M    522,931      0.21 – 2.57
Openwave Systems Inc (OPWV)      $0.64    52.99M    400,640        0.45 – 2.89
Pacific Ethanol, Inc. (PEIX)              $0.72    41.59M    591,114        0.50 – 9.88
Powerwave Technologies (PWAV)    $0.48    64.25M    2,752,260     0.35 – 5.30
RF Micro Devices, Inc. (RFMD)        $0.94    247.34M    5,364,060    0.70 – 6.00
Sanmina-SCI Corporation (SANM)    $0.52    279.31M    5,529,640    0.27 – 2.66
Sirius XM Radio Inc. (SIRI)               $0.14    491.88M    55,366,100  0.08 – 3.89
Spansion Inc. (SPSN)                      $0.22    35.81M    1,428,130     0.20 – 4.29
NextWave Wireless Inc (WAVE)       $0.10    9.90M       577,515       0.07 – 7.59
Xinhua Finance Media (XFML)           $0.61    43.60M    333,146        0.31 – 6.71

If you think about this, there is also a financial incentive.  Ifhundreds of stocks magically get sent to the minor leagues of theOTC-BB or the Pink Sheets, then NASDAQ would lose a substantial amountof revenue.  It would also lose a significant amount of daily exchangevolume.

Jon C. Ogg
December 19, 2008

Eastman Kodak (EK) Weak forecast. Sells down to $8.94 from 52-week high of $29.08.

Powerwave (PWAV) Poor earnings and downgrade. The daily double. Plunges to $.78 from 52-week high of $5.52.

Bare Escentuals (BARE) Downgraded after missing earnings estimates.

Douglas A. McIntyre

A 33% run-up in Bankrate (RATE),  for more details.

Thoratec (THOR) up 12%, details.

Powerwave (PWAV) drops 45%, details.

Gramercy Park (GKK) up 55%, details.

Douglas A. McIntyre

• Diamond Offshore (DO) Cut to Hold at Jefferies.
• Ensco (ESV) Cut to Hold at Jefferies.
• HSBC (HBC) Cut to Sell at Goldman Sachs.
• Morningstar (MORN) Cut to Market Perform at KBW.
• Polypore International (PPO) Cut to Hold at BB&T.
• Powerwave (PWAV) Cut to Neutral at Baird.
• Rowan Companies (RDC) Cut to Hold at Jefferies.
• Tidewater (TDW) Cut to Hold at Jefferies.
• T. Rowe Price (TROW) Cut to Market Perform at KBW.

Jon C. Ogg
October 31, 2008

• Barrick Gold (ABX) Raised to Outperform at Credit Suisse.
• Cablevision (CVC) Raised to Buy at Citigroup.
• EMC (EMC) Raised to Outperform at FBR.
• Motorola (MOT) Raised to Neutral from Sell at Piper Jaffray.
• Omnicare (OCR) Raised to Buy at Jefferies.
• Powerwave (PWAV) Raised to Buy at Jefferies.
• RehabCare (RHB) Raised to Outperform at Morgan Keegan.

Jon C. Ogg
August 1, 2008

Specifically, Goldman Sachs noted that it is maintaining a bias toward the large-cap stocks in the communications tech universe with stocks like Cisco Systems (NASDAQ: CSCO), Qualcomm (NASDAQ: QCOM), and Research-in-Motion (NASDAQ: RIMM).  The firm is starting to see some opportunities in small-caps in the sector and the firm has listed Powerwave (NASDAQ: PWAV) as its top idea.

PowerWave was RAISED TO BUY FROM NEUTRAL and it has a premium over Wall Street’s consensus estimates for 2008 and 2009.  The firm believes that PowerWave can grow its top-line at least 10% over the next 2 to 3 years. Price target is $5.30, about 30% above current levels.

The firm noted that Small-cap stocks in its CommTech coverage are down 36% so far in 2008 and down 19% in June. Goldman Sachs believes this current underperformance is due to their greater sensitivity to macro headwinds as customers consolidate around larger vendors, and rising investor risk aversion.

Jon C. Ogg
June 30, 2008

Cisco Systems (NASDAQ: CSCO) was maintained as a Buy, but it was also added to The Conviction List as its 15.9 P/E is attractive and estimates are close to a bottom.  Juniper Networks (NASDAQ: JNPR) was also switched to a new analyst and given a Neutral rating, down from a Buy rating.  Despite a Neutral rating, Goldman Sachs does maintain a favorable long-term view of the stock.  Research-in-Motion (NASDAQ: RIMM) and Qualcomm (NASDAQ: QCOM) were given Buy rating in interim coverage.

Here were some of the other major coverage changes: 

• Aruba Networks (NASDAQ: ARUN) was downgraded to Sell.
• Netgear (NASDAQ: NTGR) and Powerwave (NASDAQ: PWAV) were maintained Neutral.
• Starent (NASDAQ: STAR) was downgraded to Neutral.

Jon C. Ogg
March 27, 2008

The top 10 individual analysts calls 24/7 Wall St. is looking at today:

• AbitibiBowater (ABH) started as Sell at Banc of America.
• Alkermes (ALKS) started as Overweight at J.P.Morgan.
• Applied Materials (AMAT) raised to Overweight at J.P.Morgan; raised to Buy at Citigroup; positive notes from Banc of America; stock up 3.5% pre-market.
• Diageo plc (DEO) started as Underweight at J.P.Morgan.
• eBay (EBAY) raised to Outperform at Piper Jaffray.
• Kanexa (KNXA) raised to Buy at Cantor Fitzgerald after major downgrades yesterday; stock indicated up 2% after yesterday’s mammoth drop.
• 3M (MMM) cut to Sell from Neutral at Goldman Sachs; stock indicated down 4%.
• Powerwave (PWAV) raised to Outperform at Piper Jaffray.
• Turkcell (TKC) cut to Neutral from Buy at UBS; stock indicated down 0.75% pre-market.

Jon C. Ogg
November 9, 2007

The new cover story for the May 2007 Smart Money Magazine is an interesting one as "The Ten Stocks For The Next Ten Years" and is one that will carry some interest from small cap and growth-oriented investors for those seeking secular trends.  This was posted online earlier this week, but this is the sort of issue that you usually want to look at a few days after the dust settles and over the first weekend that the magazine is actually on the stands.  Many will have seen this online or will have seen some of it this morning on CNBC or elsewhere, but most readers of the hard copy will probably be reviewing this 10/10 list over this weekend.

The screening criteria used by Smart Money was not a focus on the classic P/E ratios or book value, and the names are an interesting mix of companies.  Many of these are well known and have been around for some time, and some are rather obscure names that the public doesn’t follow that closely. The screen put a greater emphasis on price/sales ratios; its looked for a classic small-cap range from $300 million to $2 billion in market value; a history of rising sales of at least 10% a year over the past five years. That screen produced 150 names that they chose 10 stocks from.

We wanted to see how these have fared recently since the list is a veryinteresting mix of small-cap companies.  Some of these have made itonto our own buyout screens at some point and some only appear ingrowth screening, although most are really growth companies that may beexperiencing secular trends as far as the research points.  Oddlyenough, none of these are in sectors that are mindblowing or true futurist-tech. Maybe the K-I-S-S rule applies: "Keep It Simple, Stupid."  None of these are related to computers per se (and only one is anInternet play), none are energy companies, none are pure-plays onalternative energy, and most are in areas that do appear to have growth(otherwise they wouldn’t be on the list).  None of these are upcoming brand retail plays so to speak.  Some of these have only comepublic recently, so trying to use a longer-term trading trend analysisisn’t possible on some.

OK, so here is there list:

Atlas Air Worldwide (AAWW-NASDAQ):long-haul air freight; stock close to all-time highs since being publicover the last 18 months; company has a growth plan in place and hasorders for more Boeing jumbo jets in the hopper.

Brightpoint (CELL-NASDAQ):cell phone distributor that installs proper software to make phonescompatible with each provider; stock has been around forever andtrading toward lower-end of a one-year trading range, but upconsiderably over the last 5-years.

Harris Interactive (HPOL-NASDAQ):interactive research and polling; uses more than 6 million participantsonline; stock has been in $5.00 to $6.50 trading band over the lastyear.

OSI Systems (OSIS-NASDAQ):medical scanning and a homeland defense play for cargo screening;trading above what was the highest points of a 5-year trading range of$15.00 to $24.00.

Powerwave Tech (PWAV-NASDAQ):makes the amplifiers, antennas and other equipment that enable wirelessphones and handheld devices to transmit and receive voice and data;over the last year this one fell from $15.00 to $5.00 beforestabilizing; very sporadic earnings history expected to lose money thisyear and not make money annually until 2008.

Sirona Dental Systems (SIRO-NASDAQ):designs, manufactures and sells dental chairs, treatment workstationsand instruments; public less than one-year.  Caring for teeth probablyisn’t a fad, even if there is no sex appeal to the story.

Tetra Tech (TTEK-NASDAQ):consulting firm specializing in water-resource management andenvironmental cleanups; stock is at the higher-end of a $15.00 to$20.00 trading range seen over the last 20 months.  Classic water stock.

United Natural Foods (UNFI-NASDAQ):largest national distributor of organic and natural foods in the US;stock is toward the lower-end of a 2-year trading range because ofconsolidation of Whole Foods and Wild Oats into one company.

Viasys Healthcare (VAS-NYSE):a cluster of high-technology medical-equipment and diagnostic companiesthat focus on respiratory care and neuro diagnostics that came publicin 2001; very close to all-time highs.

Watts Water Tech (WTS-NYSE):supplies water-control, purification, safety and flow devices; stockhas been around for more than 15-years, traded up significantly byalmost 300% in the last 5+ years.  Classic water stock.

No matter how you cut it, this is a pretty interesting mix.  It is oddthat none of these are in alternative energy and none of them are in"care for the aging" per se.  Any list of this magnitude is going to behighly subjective, so this critique is not meant as any criticism.  Itactually points out some great names that would have otherwise fallenthrough the cracks.

Jon C. Ogg
April 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.