Zacks.com Announces That Jim Oberweis Highlights the Following Stocks: Abiomed, Inc., TurboChef Technologies, Ceragon Networks Ltd., Ixia and ValueClick Inc

Business Wire, Jan 18, 2005

CHICAGO -- Jim Oberweis, editor of the Oberweis Report newsletter, is cautious for the first half of 2005, but optimistic about the full year. Read this expert's forecast for the new year and take a look at Abiomed, Inc. (NASDAQ:ABMD), TurboChef Technologies, Inc. (AMEX:TCF), Ceragon Networks Ltd. (NASDAQ:CRNT), Ixia (NASDAQ:XXIA) and ValueClick Inc. (NASDAQ:VCLK). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the January 5th Featured Expert column by Jim Oberweis includes:

So what is in store for 2005, you ask? Oberweis' advice is straightforward for the early part of the year: CAUTION! In short, Oberweis and his team believe that the high valuations currently afforded to small-cap equities present above-average risks and may lead to a correction in early 2005. This is not to say that the upward momentum cannot continue for awhile, but they believe the duration of any such rally will be short. Valuations are simply getting ahead of themselves.

Over the full year and beyond, they are more optimistic. Increases in earnings will eventually justify higher valuations. In fact, they expect solid economic growth in 2005, which will lead to a modest increase in stock prices for the year overall.

Abiomed, Inc. (NASDAQ:ABMD) is a medical products company focused on the development of products to assist or replace the pumping function of the failing heart. In the firm's latest reported second fiscal quarter ended Sept. 30, 2004, revenue jumped 95% to $10.4 million from previous year levels of approximately $5.3 million. Earnings per share for the quarter grew to $.02 vs. a loss in the same quarter of last year.

TurboChef Technologies, Inc. (AMEX:TCF) develops and markets proprietary cooking systems focusing on providing greater "speed" to chefs and food service operators than conventional ovens. In the company's latest reported third quarter revenues jumped to $30.9 million from approximately $.5 million in the corresponding year-ago period. TurboChef reported EPS of $.08 in the third quarter versus a loss in the prior year third quarter.

Other Stocks from Current Portfolio include:

Ceragon Networks Ltd. (NASDAQ:CRNT) designs, develops, manufactures and sells high-capacity wireless equipment that enables communications service providers to deliver Internet access, and combined, data, video and voice transmissions, through communications networks.

Ixia (NASDAQ:XXIA) is a provider of systems that allow its customers to measure the performance of their data communications equipment and networks.

ValueClick Inc. (NASDAQ:VCLK) is a leading provider of performance-based Internet advertising solutions for publishers of Web sites and online advertisers, based on the size and reach of our network.

Read Jim Oberweis' complete market commentary, along with more information on the stocks above, by clicking: http://at.zacks.com/?id=85

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