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November 8, 2005 Stock Pick: Bitstream Inc. (BITS)

Stock Price: $3.79

Bitstream Inc. is a software development company specializing in font technology, browsing technology, e-commerce technology, and publishing technology. The company is focused on the wireless handheld market with its ThunderHawk browser for mobile phones and personal digital assistants.

The company reported earnings today with revenues up $1,059,000 to $3,831,000 from the same period a year ago. Net income came in at $312,000. These numbers came in ahead of expectations.

BITS hit $4.21 before closing at $3.79, volume jumped drastically above normal to 1,792,064 million shares traded.

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