Wednesday, August 19, 2009

RIMM is a double

Research in Motion (RIMM) is the fastest growing company currently. That's a big statement to make in these economic conditions. The stock is trading in the $70 range, a far cry from it's 52 week low. However, this company has a lot of get up and go in it. I really believe this ticker will ride the smart phone craze and hit par ($100) again in the near future.

Another tech beauty to keep an eye on is Sigma Designs (SIGM) ranked second, or right behind RIMM on Fortune magazine's annual ranking of the fastest-growing public companies that was released this week. Fortune's fastest-growing list includes only profitable, publicly traded companies with at least $50 million in annual revenue and a market capitalization of at least $250 million. Companies on the list must also have posted yearly revenue and earnings-per-share growth of at least 20 percent. Sigma's revenue grew by 104 percent to $209. 2 million in the period covered by the magazine.

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