Pinnacle Data Systems (AMEX: PNS) Inks an Agreement With IBM
Pinnacle Data Systems is a global provider of services and products for original equipment manufacturers (OEMs) of computer hardware products as well as products that contain computer hardware. On Tuesday, Pinnacle Data Systems announced that it had entered into an Original Equipment Manufacturer (OEM) agreement with IBM giving the company the ability to design and sell products that are based upon IBM's System p and System x technologies. Hence and on Tuesday, Pinnacle Data Systems rose 70.78% to $2.35 (PNS has a 52 week trading range of $0.95 to $3.45 a share). However, investors should also note that Pinnacle Data Systems has an earnings call scheduled for Thursday, July 28, 2011 and last quarter, it had reported a slight rise in both revenue and net income.
http://www.smallcapnetwork.com/PNS-ALTI-and-SMMF-Tuesday-s-Big-Small-Cap-Gainers/s/via/3414/article/view/p/mid/1/id/106/
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