Wall Street News Alert's "stocks to watch" thismorning are: Technest Holdings, Inc. (OTC BB: TCNH), JDSU (NASDAQ: JDSU),GTC Biotherapeutics, Inc. (NASDAQ: GTCB), and Dell Inc. (NASDAQ: DELL).
As the good news continues to flow out of Technest Holdings, Inc. (OTC BB: TCNH), the company may catch the attention of investors and day traderstoday. Early this morning, the company, a defense and homeland securitycompany transforming advanced laboratory technology into real-worldproducts, issued a press release announcing that as of January 31, 2006 ithad corporate funded backlog of $48.45M.
This news, along with the company's recently announced financial resultsshould have the full attention of investors! The funded backlog iscomprised of over 140 active delivery orders and contracts being worked onby wholly owned operating subsidiaries EOIR Technologies Inc and GenexTechnologies Inc. These delivery orders and contracts are for; remotesensor technology products and engineering services, chemical detection,intelligent surveillance and advanced 3D imaging technology solutions forthe defense and homeland security marketplaces.
Wall Street News Alert continues to place aggressive investors on highalert to monitoring the progress of this company! Customers of TechnestHoldings Inc. presently include the following; US military services, USintelligence agencies, major defense contractors and research institutions.A significant source of revenues for Technest and its subsidiary EOIRTechnologies Inc. is an Omnibus contract with the US Army's Night Visionand Electronic Sensors Directorate (NVESD). This Omnibus contract mayprovide a maximum ceiling amount of up to $80 million in fiscal yearrevenues. Many of the products and services being delivered on thiscontract utilize next-generation electro-optic and infrared sensortechnologies that are being used in direct support of U.S. military.Technest subsidiary EOIR Technologies, Inc. has been providing innovativesensor engineering products and services to customers within the Departmentof Defense for nearly twenty-five years.
Investors watch Technest Holdings very closely! Earlier this week, thecompany announced its fiscal second quarter results ended December 31,2005. Revenue for the six months ended December 31, 2005 was $37,285,917.Revenue for the same period in 2004 is not comparable as Technest HoldingsInc had no operations. Revenue for the three months ended December 31, 2005was $18,289,576.
The company has recently formed an Independent Board of Directors, andconsiders it a key piece of the company's corporate strategy; to seek aNASDAQ listing for the company in the first quarter of 2006.
Earlier this month, the company announced that it's wholly owned subsidiaryEOIR Technologies Inc. has received a new contract and incremental fundingfrom the U.S. Army's Night Vision and Electronic Sensors Directorate(NVESD) for remote sensor technology products and engineering servicestotaling $4.1M.
Prior to the press release, the stock closed yesterday at $9.05 a share.
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In case you are not familiar with the company: Technest Holdings, Inc. is aprovider of: advanced remote sensor systems, chemical detectors,intelligent surveillance and advanced 3D imaging technology solutions tothe defense and homeland security marketplaces. The company's solutionssupport military, law enforcement and homeland security personnel. Throughstrategic development, Technest focuses on the creation of dual-usetechnology and products with applications in both the defense market andcivilian homeland security and law enforcement fields.
Stocks showing interesting activity yesterday at the close of the regulartrading day were: JDSU (NASDAQ: JDSU) up 1% on 48.4 million shares traded,GTC Biotherapeutics, Inc. (NASDAQ: GTCB) down 40% on 22.8 million sharestraded, and Dell Inc. (NASDAQ: DELL) down 2.2% on 26.6 million sharestraded.
Commentary:
"The supply of crude oil and gas is up, prices were holding around $61 perbarrel; jobless claims were down as well by 20,000. Neither numbers helpedthe indexes rise yesterday," stated Sonja Rudd in Wall Street News Alert'sdaily commentary continued at: http://www.WallStreetNewsAlert.com.
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