Value Microcaps Motherboard

[whyme2005]

GIGA $4.25...2Q 2006 WILL BE RELEASED THURSDAY 10/27/05.

Gigatronings (Nasdaq: GIGA) will announce 2Q 2006 earnings this coming Thursday, October 27. The pps has been inching up steadily over the last few days. GIGA has a tendency to have massive run ups a day or two ahead of earnings:


http://stockcharts.com/gallery/?giga


++++GIGA INVESTMENT HIGHLIGHTS +++++++++++++

* TINY FLOAT - 2.5 MILLION SHARES.

* PROFITABLE - 5 Consecutive Profitable Quarters.

* STRONG BALANCE SHEET: 50c/share Cash and $2/share shareholder's equity. No long term debt!!

* Almost $15M in new contracts announced so far this year. The largest a $10M contract with Boeing.

* Undervalued. P/S of less than 1.0. Market cap is only $20M.


Giga-tronics (Nasdaq: GIGA) manufactures instruments, subsystems and microwave components used in the defense/national security and wireless telecommunications industries.

GIGA has experienced a significant upswing in revenue and net income the last few quarters with increased orders coming from the defense/national security/commercial sectors. The following is a note from Tech Stocks in Motion after the monster Boeing deal was announced.

Shares of Giga-tronics (GIGA:Nasdaq - commentary - research) rose 93.4% after the company announced a multiyear agreement with Boeing (BA:NYSE - commentary - research). The agreement calls for Giga-tronics' Microsource subsidiary to produce fast-tune synthesized filter systems for the F/A-18 E/F aircraft. The agreement, which is expected to run for five years, is worth between $7.6 million and $11.6 million. Shares traded up $2.99 to $6.19.

Backlog at the end of the first quarter was $15.5 million (approximately $8.2 million is shippable within one year) as compared to $14.1 million (approximately $5.8 million was shippable within one year) at the end of the first quarter of the prior year.

Take a look at the steadily improving financial performance... top and bottom lines:

http://finance.yahoo.com/q/is?s=GIGA


Take a look at GIGA's solid balance sheet:

http://finance.yahoo.com/q/bs?s=GIGA


GIGA operates in the following sectors:

* Giga-tronics Instrument Division. Produces microwave frequency synthesizers, signal sources, generators, sweepers and power measurement instruments in benchtop and VXI configurations for use in cellular, PCS, radar, satellite and telecommunication systems test and measurement applications in the defense and private sectors.

* ASCOR Inc., which produces switch modules and interface adapters that operate with a bandwidth from direct current (DC) to 18 GHz.

* Microsource Inc., which develops and manufactures a line of yttrium, iron, garnet (YIG)-tuned oscillators, filters and microwave synthesizers. MicroSource has supplied the Defense Electronics market, supporting the world's leading Defense Contractors. MicroSource customers include Boeing, Lockheed Martin, Northrop Grumman, Raytheon Systems, BAE Marconi, Thales, Swiss Defense Procurement Agency, Israel Aircraft Industries, as well as a myriad of defense industry sub-contractors

Always do your own DD.....