November 30, 2004
SpeculatingStocks.com Stock Pick: Tegal Corp (TGAL)
Stock Price: $1.37 (short-term strong buy)
Tegal Corporation is a leading designer and manufacturer of plasma etch and deposition systems used in the production of integrated circuits and nanotechnology devices. Tegal's system solutions are backed by over 35 years of advanced development and over 100 patents.
Revenues for the most recent quarter were $5.0 million up from $3.2 million for the same period last year. Quarter over Quarter the company narrowed its loss from $6.3 million to $2.5 million. The company's cash account stands at $4.3 million.
TGAL ran similar to JMAR last year this time. TGAL ran from the $1.50 level last December to over $4.00. ALTI and NGEN are both acting strong as of late possibly indicating a huge nanotech rally in the near future. Expect TGAL to perform strongly.
SpeculatingStocks.com Target Price: We expect TGAL to rise above $2.50 within the next 1-2 months.