RuggedCom is still a buy

Article Excerpt

RUGGEDCOM INC. $20.76 (Toronto symbol RCM; SI Rating: Speculative) (1-888-264-0006; www.ruggedcom.com; Shares outstanding: 12.1 million; Market cap: $251.3 million) has purchased Israel-based WiNetworks for $9.0 million U.S. WiNetworks is a privately owned company that designs WiMAX equipment. WiMAX is a telecommunications technology that can provide wireless broadband access at a distance of up to 50 kilometres from fixed stations, and five to 15 kilometres from mobile stations. In contrast, most of today’s Wi-Fi networks are limited to only 30 to 100 metres. RuggedCom makes computer-networking equipment that is used in harsh environments. The company has already developed a line of WiMAX products for use in such places. WiNetworks has already shipped thousands of its mobile WiMAX systems around the world. RuggedCom plans to use WiNetworks’ technology to expand its own product line. RuggedCom is still a buy for aggressive investors. investors…