td analyst report quote"RuggedCom is our favourite small cap stock that we cover."
RuggedCom’s results are not coming from the “Smart Grid”. Investor interest in RuggedCom has likely
increased recently as media attention has highlighted the potential spending on Smart Grid technologies in the
US government’s stimulus package. However, it is important to note that these investments in the Smart Grid
have yet to occur. RuggedCom’s stellar results in the Electrical Utility market have been for substation
automation. This is driven by the need to upgrade the old equipment sitting in the world’s existing electric
substations. Any further spending on the “Smart Grid” is likely to drive additional upside for RuggedCom
since it should accelerate the deployment of the company’s products. We believe some of this upside could hit
within the next 12 months, but it is certainly not the driver behind the strong growth that RuggedCom has
already posted
February 13, 2009.