Here’s our Pick of the Month – CALIAN TECHNOLOGIES $12.00

Article Excerpt

CALIAN TECHNOLOGIES $12.00 (Toronto symbol CTY; SI Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 8.3 million; Market cap: $99.6 million) operates in two areas: providing engineering, healthcare and other skilled professional personnel to clients on a contract basis, and producing communications systems. This includes offering a full range of hardware and software systems for testing, operating and managing satellite and other communications systems. In the three months ended December 31, 2007, Calian’s revenues rose 1.8%, to $45.9 million from $45.1 million. Earning per share rose 8.3%, to $0.26 to $0.24. The company continues to benefit from a stronger market for satellite communication systems. It recently won a further contract with leading satellite operator Inmarsat valued at approximately $8 million to develop new ground stations. Inmarsat’s services include voice, data and safety services for most of the world’s airlines and thousands of corporate jets, government VIP aircraft and coastguard and defense agencies. At the same time, Calian’s personnel contracting division continues to gain from the…