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NVEC Upgrade to Overweight (Is this for Real)
Briefing.com10/19/06
12:06 NVEC NVE Corp upgraded to Overweight at Global Crown- tgt $45 (38.33 +6.46) -Update-

Global Crown upgrades NVEC to Overweight from Neutral with a $45 tgt after better than expected Sept'06 quarter results. The firm says they avoid any speculative assumption on possible royalty rev related to the co's intellectual property in M.R.A.Ms. They see important positive developments at NVEC related to further shifting away from recording a significant portion of its rev from government grants towards rapidly expanding sales of commercial products to commercial customers. The firm says NVEC demonstrated all the necessary attributes of a successful and viable co in the emerging Nanotechnology sector -- rapid profitable growth driven by ramp of sales of commercial products to commercial customers.