| DON'T BUY | | BakBone Software | BKB-T | 3.780 | They have good software. Last year, they lost $.16, this year they'll earn $ .04 and next year $ .08. Every quarter last year, they lowered guidance. Too expensive. | 2004-02-13 | |
| DON'T BUY | | Carmanah Technologies | CMH-T | 1.900 | An interesting company. Prefers TIR Systems. Would like to see their backlog grow. | 2004-02-13 | |
| DON'T BUY | | HP Interactive CP | HP-T | 2.890 | Probably fully valued. | 2004-02-13 | |
| DON'T BUY | | Descartes | DSG-T | 3.980 | Is interested in small caps that become large, not large caps that become small. Not enough earnings. | 2004-02-13 | |
| DON'T BUY | | Mediagrif Interactive Techn | MDF-T | 12.100 | Likes the company, but has always been a little bit ahead of what he wants to pay for it. Good earnings. Fairly priced. Still watching. | 2004-02-13 | |
| DON'T BUY | | Rutter Technologies | RUT-T | 1.620 | Not sure where their backlog will be coming from. Probably fairly valued. | 2004-02-13 | |
| TOP PICK | | Calian Technology | CTY-T | 13.400 | Has very strong visibility. Earnings that exceeded expectations last quarter. Have raised guidance for the last five quarters. Dividends. | 2004-02-13 | |
| TOP PICK | | TIR Systems Ltd | TIR-T | 4.000 | Has very good visibility into revenues. Planning on moving to the TSX this year. A good backlog of orders. | 2004-02-13 | |
| WEAK BUY | | Imaging Dynamics Company | IDL-T | 1.610 | Have FDA clearance. Revenue is growing. Attractive technology. Reached his price target, so sold. | 2004-02-13 | |
| DON'T BUY | | VSM MedTech Ltd. | VSM-T | 3.330 | Not a buyer at this price. | 2004-02-13 | |