Have you read much about ALOG?
I don't know anything about them except that I read that they were featured in the Huber Mills (Gilder) Powercosm report not too long ago.
The snippit below is from:
Subject 52214
The December issue of the Huber-Mills Digital Power Report (www.powercosm.com) devoted the entire issue to Analogic's explosive
detection systems. Very impressive.
From the Powercosm Report:
"How do you 'see' molecules? The molecules in plastic explosives> Or nerve gas? Or cocaine? Or Anthrax DNA? <snip> ...for mass
screening, in real time, you have to go to power--highly ordered photon power. <snip> You shine the right kind of light, and watch what
happens when it hits the target."
"After September 11, investors rushed to put their money in a handful of companies that make baggage-screening systems for
airports. We like one of them too, American Science & Engineering (ASE), but so does everybody else, apparently. ASE's stock price
leapt four-fold following 9/11. And, we like Analogic (ALOG),--which was largely ignored in the post-9/11 rush to defense and security
technology stocks.
"Analogic is the OEM for the airport automatic explosive detection systems (EDS) built by L3 Communications (LLL). More
importantly, its business is squarely centered in digital power technologies. Analogic understands the power-centered engineering of
sight. It builds the hardware and software that projects power, detects it, and makes sense of the torrents of data so generated."
They continue at the end of the report, "That 80 percent of Analogic's business is still anchored in medical technologies may explain
Wall Street's relative lack of interest. Hospitals aren't airports.
"but X-rays are X-rays.<snip> Of the three companies now developing next-generation EDS machines for the FAA, two use Analogoc
as a major OEM (L3 and PerkinElmer).
"There's nothing very pretty happening on the generation side of X-Rays. Aiming systems that depend on spinning steel doughnuts
don't interest us much either. The real action is on the other side of the gun (and the doughnut) in the detectors, the digital imaging
computers, and the software. X-ray sight is going to move far beyond the hermetic worlds of hospitals and airports. Analogic is building
the stuff that's really changing, and that's advancing fast. That puts it squarely at the center of this important photon-power space." |
