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Re: hweb2 post# 89495

Monday, 12/17/2007 1:43:49 PM

Monday, December 17, 2007 1:43:49 PM

Post# of 173746
I've been building a position in EGMI. They seem undervalued with 2008 earnings guidance for $0.09/share which is almost double of what they will do in 2007. The current share price is $0.63. As of the last conference call they had 45-50% of 2008 revenue booked already. They expect that number to reach 70% by year end. So, they seem to have some good visibility into 2008. Also, they have raised their 2007 annual guidance after almost meeting their earnings target one quarter early. Their 2007 guidance has been around for roughly one year so they do have an ability to set and meet targets. That lends some credence to their 2008 guidance.

Mike

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