Emerging Growth in Hi-Tech Stocks for 2013
MIAMI, January 24, 2013 /PRNewswire/ --
EmergingGrowth.com, a leading digital financial media company, Reports on Emerging Growth Companies for 2013 featuring MEDL Mobile, Monster Worldwide, Apple, RF Micro Devices, Silicon Image, Inc. and LeapFrog.
MEDL Mobile (OTCBB: MEDL) is an "Apps" Company. It develops, acquires and publishes a growing library of mobile applications, which perform specific functions for the user on the Apple and Android platforms. The Company licenses its technology and performs custom development for key clients such as Monster.com, Monster Worldwide (NYSE: MWW) New York Times Company, Teleflora, Telefonica and Medtronic, allowing the company to grow the overall library of technology.
MEDL just released NRA Target Practice. This mobile game developed by MEDL Mobile, released only a week ago, hit #2 in Apple (NASDAQ: AAPL)'s iTunes app store last Wednesday. The game was made to instill safe and responsible gun ownership through fun challenges and realistic simulations.
Also recently, the company announced that Peter Elkin has joined the company to help launch MEDL's newly developed mobile social network, "Hang W/." The platform allows a celebrity and frankly anybody to monetize a fan base or following by sharing a live stream directly from their mobile device to any number of mobile devices. We feel that this can be one of the most highly successful apps ever created. You can get a preview of the app at http://www.HangWith.com
There is only approximately 40 million shares outstanding and their sales for the nine months ending 30, Sept. 2012 were just under $3 million according to their most recent quarterly report and gross profit from the same period was just over $1 million respectively.
Keep an Eye on MEDL as this is just the tip of the iceberg. They've even got a TV show in the works. We will report more interesting development form the company as their progress moves forward.
RF Micro Devices (NASDAQ: RFMD) designs, develops, manufactures, and markets radio frequency components and compound semiconductor technologies primarily in the United States and Asia.
The company spiked yesterday after the announcement of their third quarter results which beat analysts' estimates with a higher than expected fourth quarter outlook to boot.
Current price targets range from $8-9.00. The stock is currently trading just over $5.00 with a market cap of 1.41 Billion.
Silicon Image, Inc. (NASDAQ: SIMG) provides wireless and wired connectivity solutions that enable the distribution and presentation of high-definition content for mobile, consumer electronics, and personal computer markets. The company delivers its technology via semiconductor and intellectual property products and services. Silicon Image, Inc. was founded in 1995 and its headquarters is in Sunnyvale, California.
About two weeks ago, the stock plunged 15% after the company reduced its fourth quarter outlook. SIMG is set to release its fourth quarter and year-end 2012 financial results after the close on Feb 5th. The stock has been slowly recovering to the tune of nearly 11% since its sudden drop.
LeapFrog Enterprises (NYSE: LF) recently introduced LeapPad 2. This is a newer more refined version of their electronic learning device. On Black Friday, which is known for steep item discounts, the LeapPad 2 sold out across the board at its MSRP of $99.00.
LF crushed Wall Street expectations back in back in November however since than the stock has been falling based on an abundance of inventory on their books. Actually 30% more than the same time one year earlier. The Street however sees this as a positive as it feels that now shelves in the retailers that were wiped dry can be replenished. It is calling for higher sales moving forward.
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