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February 4, 2005 Stock Pick: GoAmerica, Inc. (GOAM)

Stock Price: $7.37

GoAmerica, Inc. develops and distributes wireless data technology, applications and software that address the productivity and communications needs of enterprise customers and individuals, with one of its business units concentrating on the deaf, hard-of-hearing or speech-impaired community.

GOAM ran above $14.00 after earnings were announced in November of last year. A part of the run higher occurred before earnings were released. GOAM went from $2.00 to $14.50. Most spectacular about this situation is that GOAM didn't even report strong revenue, sales were $1.4 million down from $3.1 million over the same period last year.

The company is going to release earnings soon and should result in a revenue increase over the $1.4 million last quarter.

There is $8.7 million in cash on the balance sheet and only 2 million shares outstanding. GOAM moves rapidly and has been going up over the past week in an overall mediocre market.

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