NICE Systems Expects Growth


	NICE Systems Expects Growth

Andrew Gillies

11-12-2008 10:50 AM

487 views

Andrew Gillies says:

At last check, NICE shares were up 0.4%. Unfortunately for us, however, the stock has slumped since we made a bullish call on it here http://www.forbes.com/beltway/2008/08/27/nice-surveillance-security-biz-belt-cx_atg_0828beltwaybet.html

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/393d8eed-b306-462f-84ba-5e15dcd5b1a2/6EF22A72-B2D4-40B3-8BE7-139136B5CF10/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44" href="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44"><H1>UPDATE 2-Nice Systems Q3 net profit up, sees growth in 2009</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44"><P> TEL AVIV, Nov 12 (Reuters) - Israeli digital recording
systems maker Nice Systems (NICE.O: <A href="http://www.reuters.com/stocks/quote?symbol=NICE.O">Quote</A>, <A href="http://www.reuters.com/stocks/companyProfile?symbol=NICE.O">Profile</A>, <A href="http://www.reuters.com/stocks/researchReports?symbol=NICE.O">Research</A>, <A href="http://reuters.socialpicks.com/stock/r/NICE">Stock Buzz</A>) (NICE.TA: <A href="http://www.reuters.com/stocks/quote?symbol=NICE.TA">Quote</A>, <A href="http://www.reuters.com/stocks/companyProfile?symbol=NICE.TA">Profile</A>, <A href="http://www.reuters.com/stocks/researchReports?symbol=NICE.TA">Research</A>, <A href="http://reuters.socialpicks.com/stock/r/NICE">Stock Buzz</A>) reported on
Wednesday higher third-quarter profit and revenue and said
it expects continued growth in 2009 despite the weakening
economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44"><P> "We believe 2009 is a year of growth for Nice," Chief
Financial Office Dafna Gruber told Reuters, noting that the
company would not provide a specific outlook at this time
due to overall market conditions.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44"><P> The strengthening dollar will help profitability and
enable Nice to extend investment in research and
development and marketing, Gruber said, adding that Nice
does not plan layoffs.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/marketsNews/idINLC52241020081112?rpc=44"><P> Nice also announced its largest ever order, worth over
$20 million, to provide video surveillance and other
security projects for an unnamed government in Europe, the
Middle East and Africa region.  <SPAN class="label"><STRONG><A href="javascript:alert('This link contains javascript. Please visit the clip source to follow this link.');" target="_self">Continued...</A></STRONG></SPAN></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6EF22A72-B2D4-40B3-8BE7-139136B5CF10/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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