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Essex Excels With Its Products For Military.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
Essex cleared a nearly six-month, cup-with-handle base to all-time highs on June 20 and rallied 13%. The stock has pulled back to its buy point of 21.45.
The Columbia, Md.-based firm makes optical and optoelectronic signal processors for government intelligence and defense agencies as well as corporate customers.
Essex has built what it says is the world's first commercially available optoelectronic image processing system that uses just 350 watts -- less than a supercomputer.
It's used to process synthetic aperture radar images.
The firm ...
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