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August 29, 2004 Stock Pick: Eagle Broadband, Inc. (EAG)

Stock Price: $0.17

Eagle Broadband, Inc. is a leading provider of broadband and communications technology and services. They are involved in HDTV, homeland security, and networking communications.

EAG has plummeted from a high of $0.98 on November 29th of last year. The company is now beginning to restructure after appointing a new CEO. EAG is near its 52-week low and should only move higher from here.

Third quarer results included revenue of $2.97 million and net loss of $3.95 million, an improvement of 58% over a $9.33 million loss for the second quarter.

The company is in several high growth technology sectors, and will begin to grow fast under the right management.

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