Jacada Gives Info on “Material Deal”
Written by: Aaron Katsman | October 9, 2007
By Aaron Katsman
IsraelNewsletter.com
Jacada(JCDA), a leading provider of unified desktop and process optimization solutions for customer service operations, annouced details on a deal signed in early August. Jacada said that the agreement is with Central Hudson Gas & Electric, a regulated gas and electricity provider serving approximately 367,000 customers in eight counties of New York State’s Mid-Hudson River Valley. Revenue from the contract will be recognized in future quarters.
Since my post on the 19th of September, Jacada stock has moved straight up, much like Don King’s hairdo, and is up over 15% in this 3-week period. Truth be told, back in my wild and wacky college days, I too had an impressive ‘fro like Mr. King, but that’s another story. As I have mentioned in the past, small Israeli companies that are flying under analyst radar, who keep signing deals and executing their business plans, sooner or later catch fire and with small floats, off they go. Keep in mind that with a market cap under $85 million and $36 million in cash this continues to be an attractive play, especially for those looking at up and coming micro-cap stocks.
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Disclosure: Author’s fund is long JCDA as of 10/09/07. Author has no positions in any other companies mentioned.
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Aaron Katsman is the lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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