Updating Our Current Recommendations on Nissan Motor Co., Verigy Ltd. and AlarmForce Industries

Article Excerpt

NISSAN MOTOR CO. $6.87 (Nasdaq symbol NSANY; SI Rating: Above-average) (310-771-3111; www.nissanmotors.com; Shares outstanding: 2.3 billion; Market cap: $15.5 billion) has formed a partnership with the state of Oregon and Portland General Electric to develop a network of electric vehicle charging stations located throughout the utility’s service area. Powered by solar electric panels, these stations will sell electricity for owners of electric vehicles to recharge. The stations may be located at existing service stations to cut costs. Nissan will make available a supply of zero-emission vehicles to the state of Oregon, and promote the development of the network. Nissan Motor is still a buy. VERIGY LTD. $11.18 (Nasdaq symbol VRGY; SI Rating: Speculative) (1-800-447-8378; www.verigy.com; Shares outstanding: 57.8 million; Market cap: $646.4 million) designs and makes test systems used in the production of computer chips. This is a highly cyclical industry, and strong price competition has prompted Verigy’s customers to spend less on new equipment. Joint ventures among chipmakers have also hurt demand…