- Analytical Market Commentary -

March 5, 2010 (FinancialWire) (Investrend Forums Syndicate) — Today’s FirstAlert(tm) Money Index charts (http://www.investrend.com/fa-index) show five Nasdaq companies leading yesterday’s greatest percentage winners. Of those five, independent analyst, Gary Vassalotti, posted an entry at Investrend Weblogs (http://www.investrendweblogs.net/) providing some insight regarding the forces behind those stocks’ movement, particularly focusing on Zanett, Inc. (NASDAQ: ZANE), TIVO, Inc. (NASDAQ: TIVO) and Tamalpais Bancorp (NASDAQ: TAMB):

“We saw large gains for several NASDAQ listed equities. Many times investors see these large gains and wonder: Why are the gains are happening? But, more importantly, who or what is driving these share prices up?

“The answer to the first question is usually not too difficult to find or discern, based simply on current events. The second question, however, can be more difficult to determine. With the StreetIntel™ brief that was posted today (at http://www.investrend.com/intel-brief_030510) we can at least see the largest holders of the three investments, as well as whether or not they have increased their holdings, which provides some insight into the firms that have an interest in those securities, and sometimes a general interest in the company’s industry as a whole.

“Now, to get some answers on the first, general question about why the gains occurred:

“Zanett, Inc. (NASDAQ: ZANE), a business process outsourcing, IT-Enabled services and information technology provider, announced that it had experienced a $12mm increase in contracts during January and February. Even better than the dollar amount is the diversity of the contracts. The largest customer accounts for $4mm of the total, and the total number of new customers was 42. Clearly Zanett is not dependent on a single sale for that achievement.

“TIVO, Inc. (NASDAQ: TIVO) won a major victory against Dish Network in its patent suit involving DVR technology and Dish (and its sister company, Echostar) allegedly infringed upon. The $300mm win was a long time in coming (as the suit dates back to 2004), which sent the stock soaring on the news.

“Tamalpais Bancorp (NASDAQ: TAMB) reported a quarterly loss of $7.37 per share, while the full year loss was $9.83 per share compared to a loss of $1.26 in the prior year. Apparently someone thinks this is good news? The stock shot up 39.5%. The bank has continued to divest itself of portions of its loan portfolio and its brokered deposits, in accordance with regulatory requirements. Apparently that was the good enough news to boost the stock price.”

Source: Investrend Weblogs (http://www.investrendweblogs.net/vassalotti/2010/03/04/large-percentage-nasdaq-gainers-today/).

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