To buy or not to buy WordLogic

BUY: J. David Stewart, Analyst and Publisher, of the The Stewart Report (see this post) - A 25-year veteran of Wall Street, J. David Stewart is also a private professional investor, stock analyst and publisher of The Stewart Report (now in its 15th year of continuous publication). His acumen as an analyst specializing in small and micro-cap securities has earned him wide media attention, including feature stories in: Money, Fortune and Entrepreneur. He's also been quoted in The Washington Post, The Financial Post, The New York Times, The Financial Digest, Investor's Business Daily, The Dick Davis Digest and Barron's. The impact of his thinking is regularly reported in wire service dispatches by CBS Market Watch, Reuters, Bloomberg and Dow Jones News Service, and he is a frequent guest on national radio and television shows, including CNN. WordLogic Corporation's chart is one of the strongest I've seen in months. Admittedly, the recent market environment has resulted in a lot of very sickly looking stock charts, so I've been seeing some pretty bad stuff - but this picture would look outstanding even if I had nothing but bull-market winners to compare it to. After giving up roughly 90 percent of its value during the broad swoon that befell the entire market during 2008, WordLogic started bucking the general trend in early November and spent the next two months building a solid base from which to launch a New Year's rally - one that easily penetrated the short- (20-day), intermediate- (40-day) and long-term (180-day) moving averages, as well as a declining trend line that had represented minor upside resistance for more than six months. Since the beginning of the year, the stock has gained more than 200 percent, culminating on January 20 with a gap opening and subsequent move that tested the major resistance around 85 cents. Given the strong recent rally, I'd look for the stock to fail in this first attempt to break through that barrier, retrace to fill the gap on some short-term profit taking, then launch a rebound that will not only crack the major resistance but carry all the way to the $1.05-$1.10 level. If that takes some time, new resistance could build beyond that point - but if the stock gets there quickly, a further move carrying back to the 52-week high should follow close behind. The former Managing Editor of The Los Angeles Times Syndicate, Larry D. Spears has served as editor for America's foremost political and economic columnists, including Pulitzer Prize-winner Art Buchwald. As Editor of the Hume MoneyLetter, he polished the works of financial luminaries ranging from J. David Stewart to Wall Street Week host Louis Rukeyser and former U.S. Treasury Secretary William Simon. He also authored and edited "The SuperInvestor Files" for Hume Publishing and created the "100 Steps to Wealth" home-study course for Money Magazine. Currently, he is Editor-in-Chief for The Stewart Report and continues to specialize in the use of technical analysis and options trading, having authored four books on those subjects.

Intellectual Ventures buys up Transmeta's portfolio

It is a rather interesting time to buy a microprocessor patent portfolio. Tech PC sales and related probably will drop a bit in 2009. From an article by Rick Merritt in EE Times, (01/28/2009 9:02 PM EST):

SAN JOSE, Calif. ‹ Intellectual Ventures, a patent development and licensing company, has acquired the patent portfolio of Transmeta Corp., a startup that made an unsuccessful bid to develop x86-compatible processors. The portfolio includes more than 140 issued U.S. patents and others pending and issued in the U.S. and elsewhere. The announcement comes as Novafora Inc., a venture-backed company founded in 2004, said it completed the $255.6 million acquisition of Transmeta originally announced in November. Novafora will use Transmeta's technology to boost its video processor designs; Intellectual Ventures will license the Transmeta technology on a non-exclusive basis. "The acquisition of the Transmeta semiconductor patents augments one of the most comprehensive patent portfolios in the semiconductor field which now includes more than 2,000 patents," said Paul Reidy, vice president of semiconductor licensing at Intellectual Ventures. "Some of the recently issued patents detail some of the most interesting breakthroughs in microprocessor architecture we've seen in the last decade or so," he added in a press statement. Transmeta had generated royalty revenues of about $300 million licensing its patents on areas such as low-power processors and code translation to chip makers including Intel Corp. Novafora did not indicate what role the patent transaction played in its purchase of Transmeta. "The addition of Transmeta's power management technology to our video processor will enable us to target Novafora's products to the broadest range of video-oriented devices," said Zaki Rakib, chief executive of Novafora. In November, Novafora announced it entered into a non-exclusive patent license agreement with Advanced Micro Devices. Under the terms of the agreement, AMD transferred to Transmeta 700,000 shares of Transmeta's Series B Preferred Stock held by AMD.

Incredible Books from '40-'50's, part 3 of 3

Innocent, professionally written, non-globalist and classic reading from the cozy 1950's SCIENCE IN OUR LIVES Ritchie Calder. An exciting, factual story of the beginning and development of modern science, the relationship between its special fields -astronomy, chemistry, physics, biology -and its impact upon our daily lives. THE HANDY BOOK OF GARDENING Albert Ii. Wilkinson and Victor A. Tiedjens. New edition of the famous book on how to grow flowers and vegetables, fruits and house plants, care for lawns, and do landscaping. Comprehensive, illustrated. FLOWER ARRANGEMENTS Anyone Can Do Anywhere Matilda Rogers. Enjoy a fascinating new hobby which develops your creative talents and beautifies your home. A practical course in flower arranging, with 100 illustrations. LIVES OF DESTINY As Told For The Reader's Digest Donald Culross Peattie. Inspiring life stories of 24 men who overcame enormous obstacles to achieve a place among the world's great figures: Franklin, Voltaire, Marco Polo, Mozart,da Vinci, Darwin, and other patriots, naturalists, explorers, and artists. THE LIFE OF ABRAHAM LINCOLN: Stefan Lorant. A unique text and picture biography which unfolds the dramatic life history of a great and beloved American President, with hundreds of illustrations and a lively, illuminating text by a celebrated Lincoln scholar. BENJAMIN FRANKLIN: The First Mr. American Roger Burlingame. A brilliant biography of the most human of leaders, who achieved fame and wealth as an editor, scientist, diplomat and statesman during the founding days of the U. S. GANDHI: His Life and Message for the World Louis Fischer. The life story of one of the greatest inspirational and political leaders of our time gives insight into India's pivotal place in world affairs. HOW THE GREAT RELIGIONS BEGAN Joseph Gaer. An always timely, easy-to-read guide to man's unending quest for the spiritual, vividly told through the lives of the world's religious leaders: Jesus, Mohammed, Moses, Buddha, Lao-Tse and others. THE UNITED NATIONS and How It Works David Cushman Coyle. A stimulating, thoughtful and objective analysis of how the United Nations, related agencies and commissions, came into being; how they operate, and what they are doing to achieve lasting peace and better living conditions all over the world.