3SOF

Good report on low priced stock....  
EONC reported second-quarter net earnings of $607,000, or 5 cents a share.
In the same period last year, the company reported a net loss of $528,000, or 4 cents a share.
Revenue at the Atlanta-based company rose 16% to $2.96 million from $2.55 million.

Technicals
Record Price High
Gap Up
Percentage Gainer

Last Price Quote is:
19.08%above 13-day EMA
53.05%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $32.70 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Mkt Neutral

If she holds this gain and with the overall market down today people will take notice when the Stock posts a 10% gain.
52 week high on the close will certainly gain some attention.
Microcap: eOn Communications
EONC 2.74, +0.26, +10.5%) provides a customer management/contact center solution across all forms of interactions, including voice, e-mail and Web.

Technicals
Percentage Gainer

Last Price Quote is:
15.94%above 13-day EMA
51.84%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $34.31 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Mkt Neutral

push back up to 3 soon?

sparks acquisition call tomorrow after the bell. should see some kind of push before the call or after.  lets see what happens.

Down 17% pre-mkt.

Some news out.

eOn Communications Announces Acquisition Option Agreement with Spark Technology Corporation
Tuesday April 4, 4:30 pm ET

ATLANTA, April 4 /PRNewswire-FirstCall/ -- eOn Communications Corporation(TM) (Nasdaq: EONC - News), a leading provider of telecommunications solutions, today announced it has executed an Acquisition Option Agreement ("Agreement") to purchase 100% of Spark Technology Corporation ("Spark").

ADVERTISEMENT
Spark (www.sparktech.com) designs and markets accessories for wireless telephones. It recently announced Cellstik, a small memory device that allows the user to easily backup, enter, edit and transfer their cell phone contacts. Cellstik provides a unique solution for a growing problem in the cellular market. Spark is 97% owned by David Lee, eOn's Chairman and CEO.

Under the terms of the Agreement, eOn will convert its existing $300,000 loan to 300,000 Spark shares and have the option to purchase all remaining outstanding Spark stock, including options, for 8,665,000 eOn shares. eOn will have the right to give notice of its intent to exercise this option any time between September 30, 2007 and March 31, 2008. The eOn Board of Directors will continue to review Spark operations and complete its due diligence process prior to granting approval of the option exercise. After notice of exercise, eOn will file an S4 with the SEC and seek the approval of the eOn Shareholders.

The Agreement further provides that in the event eOn does not exercise this option, or the eOn Shareholders do not approve it, eOn may require Spark or David Lee to repurchase the Spark shares for $300,000. In addition, in the event that Spark were to discontinue operations or be liquidated, David Lee would repurchase the shares for $300,000 within 60 days.

Hi,

are we in the down of the cup ??
Could it run again???

What to think ?

thnx

Even though all of my favorite technical indicators are bearish, it looks like it's back to a support level at 1.75, like from this past February.  I'd hold it for now, or hold off on buying any if you don't have any.  I think this stock will consolidate around 1.65-1.80 for the next few weeks.  I'd put a stop in at 1.62, which is a few pennies below the lower bollinger band.

I had this stock a few weeks ago and had a good gain on it.  They reported bad news, and I ended up losing 8% on it.

Leaira

ok, thanks...
I expect another rebound...

we'll see

Bye,
D.

Anyone on EONC?

The company will release its quarterly financial results next week. Last Q earnings were dismal but they said that this quarter would be much better. In fact, they have released new products and have signed large Chinese contracts since. This is a super low float with a very strong balance sheet (60c/share cash and no debt). If they do better than last Quarter, which IMO is a no brainer, EONC could easily gain 50% from today's prices

"EONC" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                        
All history on a stock pick in 1 thread is awesome.                                                          
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                                         
Thank You....and good luck with all your trades....make some $$$     


m2machine, Your new thread has been merged here.
You posted to it on Monday....

EONC will report financial results next week. The stock is starting to move up in anticipation of strong results based on comments made in the last CC and based on recent developments consistent with those comments.

EONC is trading at near its 52-week low because it reported a bad quarter last quarter due to a combination of several factors.  Management believes that that combination of factors will not affect results this quarter.

EONC has a 8 MM float, 60 cents in cash per share, no debt and historically has traded in $2.50 -$3 range when it is profitable. EONC is trading at a 0.8 P/S ratio.

EONC sells VOIP equipment and integrated fax, e-mail and web based communications systems with major operations in China, other regions of Asia, and the US.

Since the end of last quarter EONC made two significant announcements:


Thursday May 3, 2:35 pm ET

CheMeng International Corporation Expands Use of eQueue Contact Center Solution to Support Customers in All Provinces in China

Provider of Emergency Road Side Services Leverages Solution From eOn Communications to Increase Customer Satisfaction, Drive Revenue and Lower Costs

http://biz.yahoo.com/prnews/070503/clth130.html?.v=21

Tuesday May 8, 11:40 am ET

eOn Communications Announces General Availability of Its eNterprise Family of VoIP Telephones


http://biz.yahoo.com/prnews/070508/cltu079.html?.v=76


About EONC:

eOn Communications Corporation(TM) is a global provider of innovative communications solutions. Backed by over 20 years of telecommunications engineering expertise, our solutions enable our customers to easily leverage advanced technologies in order to communicate more effectively. To find out more about eOn Communications and its solutions, visit the World Wide Web at www.eoncommunications.com

EONC is looking strong today